Solana Token Promoted From Matt Furie’s X Account Briefly Tops $7 Million
A post said the token was launched through BagsApp, and the deployer reportedly collected more than $300,000 in fees before the ticker message was deleted.
Summary
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Terms & Concepts
Solana token: A crypto asset issued on the Solana blockchain, a network known for fast and low-cost transactions.
Market cap: The total market value of a token, typically calculated by multiplying its price by circulating supply.
Deployer: The wallet or entity that creates and launches a token or smart contract (self-executing blockchain code).