Solana meme coin hits $13 million market cap, then plunges 86%.
Crypto Briefing reported that an account claiming to be connected to Musk’s son launched the Solana meme coin. Its market cap reached $13 million at one point before plunging 86%.
· What can be verified is the issuing account’s own claim, the market cap peak, and the 86% decline; the account’s connection to Musk’s son has not been confirmed.
· Crypto Briefing said the incident highlights the volatility and risks of the meme coin market, and expressed skepticism toward unverified claims.
When you see a meme coin endorsed by a “celebrity’s relative,” do you check who issued it first?
$SOL
Crypto Briefing reported that an account claiming to be connected to Musk’s son launched the Solana meme coin. Its market cap reached $13 million at one point before plunging 86%.
· What can be verified is the issuing account’s own claim, the market cap peak, and the 86% decline; the account’s connection to Musk’s son has not been confirmed.
· Crypto Briefing said the incident highlights the volatility and risks of the meme coin market, and expressed skepticism toward unverified claims.
When you see a meme coin endorsed by a “celebrity’s relative,” do you check who issued it first?
$SOL
