Degens Can Now Make Memecoins From Tweets

Degens of the world unite, for now there’s an even easier way to create memecoins.

Makenow.meme allows users to create their own memecoins directly from Twitter, for free, in four steps. To create a new token, users need to start their tweets with a $ sign and the ticker name, followed by the description of the coin. Next, users should tag the makenowmeme account at the end of their tweet and attach an image or video.

Some are already experimenting. Alex Svanevik, CEO of Nansen Research, tried out the platform, with the ticker $IQ. Although he warned people to not “ape this thing,” the token is up 8,000% to $0.006.

Solana Memecoins

Tokens are launching on Solana, where most of memecoin activity has been taken place for the past six months. Similar to the top place to create memecoins, Pump.fun, makenow.meme uses a bonding curve, wherein when a token reaches a specific market capitalization, it gets burned onto the decentralized exchange Raydium. Traders can then buy and sell it on the open market.

Such is the popularity of memecoins that yesterday Pump.fun posted the highest grossing daily revenue in all of DeFi, even surpassing Ethereum. The platform took in $867,000, compared to Ethereum’s $844,000.

Solana-based memecoins are going bonkers in 2024, and have been the undeniable meta of this cycle. Celebrities like Iggy Azalea have been creating their own tokens, as has Caitlin Jenner, and a plethora of politically charged memecoins satirically referring to Trump, Biden, and other public figures have surfaced.

The website’s disclaimer warns buyers that reads, “coins are highly volatile, can go to zero. Never invest more than you can afford to lose, never expect financial return. Only for fun, highly speculative.”

To some, launching memecoins on Twitter is taking things a step too far.

“Generational top signal on “memes,” wrote the pseudonymous 5G. “Tokenizing any and every meme doesn’t work, most are destined for zero – cult communities, aura, lore and autistic teams who can weather any storm will bring their meme to the billions. Anything else is just straight up pvp casino.”