X Shuts Down Account for Creating Memecoins with Posts

<h1 class="d-none">Social Media Platform X Shuts Down Memecoin Creation Account</h1> <h2 class="d-none">X Closes Account That Allowed Users to Make Memecoins from Posts</h2> Social Media Platform X Shuts Down Memecoin Creation Account

X, formerly Twitter, has shut down the "makenowmeme" account that lets users create memecoins with posts.

Users could make coins by posting a name, description, and tag. The coin was created on the Solana blockchain.

Memecoins like "Dogs" saw big profits, with some traders earning hundreds of thousands in a short time.

The closure of "makenowmeme" raises questions about social media's role in cryptocurrency and memecoins.

Memecoins are popular but risky, with values changing rapidly and many coins losing worth.

For More English Blogs Click Here Swipe up