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News Explorer — Solana's Raydium Launched a Token—And It Did Not Go Well

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Aug 1, 4:02 pm
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Solana's Raydium Launched a Token—And It Did Not Go Well

Raydium's meme coin launch on a new token launchpad went awry when two identical tokens were created and the first token dropped 92% in just 10 minutes. The token, called CTO, was created by interacting with the meme coin launchpad, Makenow.meme, which creates tokens by tagging them in a tweet. The official CTO token also didn't perform well, with its market cap falling 70% within 40 minutes of launch.

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