Is Musk launching a new coin? ELON DOGE ignites the Solana chain, don't rush in just yet!
Today, the crypto world exploded! Rumors spread wildly that Elon Musk is supposedly launching a new meme coin ELON DOGE on the Solana chain, claiming it will start on July 1st. Once this news broke, the crypto community went into a frenzy, as a single tweet from Musk once caused Dogecoin to surge by 30%. If he personally gets involved, his influence cannot be underestimated.
Why is the market paying attention?
Musk Effect: A traffic nuclear bomb
From Dogecoin to Bitcoin, whenever Musk speaks, coin prices are bound to fluctuate. If he invests in a new coin, the Solana ecosystem could see a massive influx of funds.
Solana chain: Meme coin war escalates
Currently, meme coins like BOME, WIF, and TRUMP are fiercely competing on the Solana chain. If ELON DOGE joins, rankings may change, and SOL and on-chain trading volume could skyrocket.
"Community-driven": A new trend gaining popularity
Meme coins with no presale and fair launches are favored by retail investors, such as BOME. If ELON DOGE follows this path, market sentiment could easily ignite.
Key issues require calm
Has Musk confirmed it?
As of the time of writing, Musk and his companies have not confirmed the news through any official channels, and the authenticity of the information is in doubt.
Is the contract secure?
New projects, especially meme coins, are prone to "scams" and rug pulls. ELON DOGE currently lacks a third-party audit report from a well-known firm, posing great risks.
Beware of "presale countdowns"
"Last 24 hours for purchase" is FOMO marketing. Our country prohibits token issuance for financing, and presale violations are to be avoided!
Advice for ordinary retail investors
Don't follow blindly; wait for authoritative sources to speak up. Meme coins are high-risk speculative products; don't invest money you can't afford to lose. Learn to use on-chain tools to verify and identify suspicious signs.
Musk naturally draws attention, and whether ELON DOGE is real or not reflects the market's desire for a "new narrative." However, during times of frenzy, preserving capital is the survival rule; for projects without solid evidence, it’s best to wait and see. The market is not short of opportunities but lacks calm minds.
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