Crypto is the wild wild west and these meme-coins are crazy.
Kanye West launched a solana-based meme coin that soared before tanking [Sherwood] – “Artist Kanye West launched a token, YZY, on the meme-coin-friendly solana blockchain, and it reached an eye-popping $3 billion market cap within 40 minutes of its launch, according to on-chain analytics firm Nansen. However, the surge was short-lived and the next 40 minutes saw its market cap drop to $1 billion, roughly where it still stands as of writing.”
I get that the story is that it soared and then fell, but as of last Friday it still had a market cap of a billion dollars!