Nansen CEO launches memecoin with $6 million market cap in one day
Alex Svanevik, CEO of on-chain analytics platform Nansen, has launched a new Solana-based memecoin called IQ, which grew to a market cap of $5 million within a day of its launch, according to crypto data platform DEXScreener. As of 11:22 a.m. ET (15:22 UTC) on 31 July, the token was trading at $0.0061 and 0.00003370 SOL, up 7,000 percent in the last 24 hours.
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