Solana meme coin CTO jumps 51% as Vida discusses stock-linked launchpad

  • Lyle Pratt proposed connecting a meme coin with an underlying company treasury.
  • 51% was CTO's 24-hour gain, bringing its market capitalization to $7.47 million.
  • @vibhu offered help creating a meme-coin launchpad for the stock.

CTO, a meme coin launched on Solana ecosystem platform Stonk with Vida Global's stock token as its liquidity pool, rose 51% in 24 hours to a market capitalization of $7.47 million. The move followed Lyle Pratt's suggestion that a meme coin could indirectly contribute to an underlying company's treasury through trading fees or a licensing agreement, creating a feedback loop between the meme asset and the company. Solana Foundation product head @vibhu responded that a meme-coin launchpad could be created for the company's stock and offered assistance, while Pratt said the idea could be discussed in greater depth. Vida Global, listed on Nasdaq under VIDA, focuses on helping enterprises build, deploy and sell AI agents at scale.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.