Elon Musk Meme Cash Plummet as Safer Different Meme Index ICO Nears $4M

The Meme Index ($MEMEX) has now raised over $3.6 million in its presale and is nearing $4 million in whole funding.

Meme Index’s newest funding milestone comes amid the crash of a number of Elon Musk-themed tokens on Solana, following Tesla’s CEO reverting to his actual title on X.

Traders who bought the tokens when Musk modified his deal with noticed huge returns, however those that got here in late might seemingly have misplaced considerably, as the costs of the tokens have dropped like a lead balloon.

Such deep losses might have been averted if an investor’s publicity wasn’t restricted to only a few tokens however as an alternative unfold throughout a basket of different meme cash, as provided by Meme Index.

By becoming a member of the present funding stage, with Meme Index on its option to $4 million, buyers can snag $MEMEX on the worth of $0.0161637 per token – accessible for simply the subsequent 24 hours.

Elon Musk’s ‘Harry Bolz’ stunt was short-lived – Meme Index baskets supply a better method

On Tuesday, the world’s richest man modified his X deal with to “Harry Bōlz” in what could possibly be the most important troll of the century, providing no clarification past a doable callback to his 2023 name-change stunt or a nod to Edward Coristine, a staffer tied to Musk’s authorities effectivity initiative, who goes by the moniker “Huge Balls” and is known as such on-line.

Following this, Musk followers launched two Solana-based meme cash impressed by the brand new moniker, $HarryBolz and $HARRYBOLZ. Each noticed huge worth surges of 1,092% and 38,445%, respectively.

In actual fact, one dealer reportedly turned a $156 funding into $52,000 after the spike.

Nevertheless, the good points these two meme cash ran up had been short-lived, as each plummeted after Musk modified his deal with again to his actual title on X.

Because of this, $HarryBolz, which reached a market cap of over $8 million, has now fallen to $58,000, whereas $HARRYBOLZ, which peaked at almost $25 million, is now right down to $484,000.

It’s seemingly that those that tried to time the pump at its peak have misplaced massively. However that is typical in meme coin investing, particularly with micro-cap tokens.

Whereas some tokens might finally rise to the highest of the meme coin rankings – like Pump.enjoyable phenomena resembling Fartcoin ($FARTCOIN), Goatseus Maximus ($GOAT), and others – many extra by no means make it previous the shadows.

That’s why the sensible method to meme coin investing is to not wager on only one or two property however to unfold your publicity throughout a number of tokens.

One in every of them might simply be the subsequent $FARTCOIN or $GOAT, and regardless of the drops amongst different tokens within the index, the general worth of the Meme Index investor’s portfolio might nonetheless soar to the moon.

Meme Index has an index for each meme coin investor

Meme Index affords an index for each danger profile of a meme coin investor, starting from the typical danger taker to probably the most excessive.

As an illustration, the Meme Index options the Meme Titan Index, which is suited to these trying to acquire publicity to the highest meme cash – cash with a minimum of a billion-dollar market cap.

Threat will increase with the Moonshot Index, which incorporates meme cash with market caps between $250 million and $1 billion. These tokens are extra risky, however with a robust cult following, they may quickly be categorized within the earlier index.

Subsequent is the Midcap Index, designed for many who are prepared to take extra danger as a way to probably pocket returns of 20x or extra, ought to they surpass the billion-dollar mark.

With market caps starting from $50 million to $250 million, that is fully doable.

Lastly, the Meme Frenzy Index may embrace tokens like $HARRYBOLZ and $HarryBolz. These tokens have huge progress potential – in the event that they handle to draw and maintain a big following.

Nevertheless, all of those indexes carry danger. Not all tokens transfer in tandem, regardless of what many exterior observers consider – that every one property within the house transfer in unison, sometimes following Bitcoin’s route.

By diversifying throughout all the index, there’s the potential for substantial good points, however with rather more managed danger.

What position does $MEMEX play and the place to get it?

Now, the query is: What’s the level of getting a presale for a meme coin index? The reply is that the Meme Index is unique to presale consumers of $MEMEX, the native token of the household of indices.

Solely those that maintain $MEMEX tokens can entry investments in these indexes. However along with that, in addition they have the chance to tweak these indexes as they see match.

Since $MEMEX is a governance token, holders have the ability to vote on the broader group’s choices concerning the construction of the index.

There’s no higher option to safeguard your self from the wild volatility of the meme coin sector whereas nonetheless bracing for potential good points than with the Meme Index.

Head to the Meme Index web site now, join a pockets (e.g. Greatest Pockets), and buy $MEMEX utilizing USDT, ETH, BNB, or a financial institution card.

Newly acquired $MEMEX tokens can develop passively with an unbeatable staking APY.

Meme Index has been audited by trusted companies Coinsult and SolidProof, guaranteeing the safety of the platform’s sensible contract.

Keep updated by becoming a member of the Meme Index group on Telegram and X.

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