Meme Index ($MEMEX) is experiencing significant momentum during its fundraising campaign, having raised nearly $4 million to date.
The project is entering its final presale phase at a time when various Elon Musk-themed tokens have plummeted on the Solana network. This decline can be attributed to the fact that Tesla’s CEO decided to revert to his real name on X.
Investors who purchased tokens when Musk changed his alias enjoyed massive returns, while latecomers likely incurred significant losses as the price of Elon Musk tokens dropped following a substantial rise.
Such crippling losses could have been avoided if investors had diversified their exposure across a basket of assets—a strategy that Meme Index offers.
Early investors participating in the current presale can acquire $MEMEX at a very low price of $0.0161637 per token, with an increase expected in the coming hours.
Elon Musk’s Euphoria Subsides – Meme Index Baskets Offer a Smarter Approach
Last Tuesday, the world’s richest man changed his X username to Harry Bōlz in what could be termed as the biggest troll of the century. No explanation was provided for this change, but it may serve as a nod to Edward Coristine, a staff member linked to Musk’s government efficiency initiative, known as Big Balls.
Elon Musk changed his name to Harry Bōlz as an epic troll.
I definitely voted for this. 😂😂 pic.twitter.com/26rLbML7Fd
— Steve 🇺🇸 (@SteveLovesAmmo) February 11, 2025
Following this incident, Musk’s fans launched two meme coins based on Solana inspired by the new name, $HarryBolz and $HARRYBOLZ. Both tokens witnessed staggering price increases of 1,092% and 38,445%, respectively.
According to reports, a trader reportedly turned an investment of $156 into $52,000 after the peak of these tokens.
However, the gains from these two meme coins were short-lived. In fact, both cryptocurrencies crashed following Musk’s reversion to his real name on X.
Consequently, $HarryBolz, which had reached a market capitalization of over $8 million, has now plummeted to $58,000. Similarly, $HARRYBOLZ, which peaked at nearly $25 million, has now dropped to $484,000.
Meme Index Offers an Index for Every Meme Coin Investor
Meme Index provides tailored indices for every cryptocurrency investor’s risk profile, ranging from those willing to take substantial risks to those more conservative.
Firstly, Meme Index offers the Meme Titan Index, suitable for those seeking exposure to top cryptocurrencies with at least $1 billion in market capitalization.
Next, the risk increases with the Moonshot Index, which includes meme coins with market caps between $250 million and $1 billion. These tokens are more volatile, but with sufficient hype, they could soon transition into the previous index.
Then, the Midcap Index is designed for those willing to take on more risks to achieve potentially 20-fold returns or more if they surpass the billion-dollar mark. Tokens within this category have market capitalizations ranging from $50 million to $250 million.
Lastly, the Meme Frenzy Index could include tokens like $HARRYBOLZ and $HarryBolz, which have substantial growth potential if they can attract and maintain a large investor base.
However, all these indices carry risks, as not all tokens follow the direction of Bitcoin. This is contrary to many observers who believe all assets in the space evolve in unison.
By diversifying across the entire index, substantial gains can be realized while minimizing potential risks.
What is the Role of $MEMEX and How to Obtain It?
The pressing question is: why organize funding for a meme coin index? The answer lies in the fact that Meme Index is exclusively reserved for pre-sale purchasers of $MEMEX.
Only $MEMEX token holders can access investments in these indices. Moreover, they also have the option to modify these indices as they see fit.
As a governance token, $MEMEX holders possess the power to vote on community decisions regarding the structure of the index.
This approach effectively protects Meme Index against extreme volatility in the meme coin sector while preparing for potential gains.
To buy $MEMEX tokens, follow these steps:
- Visit the Meme Index website.
- Connect a wallet (e.g., Best Wallet).
- Purchase $MEMEX using USDT, ETH, BNB, or a credit card.
Newly acquired $MEMEX tokens can be staked to earn an unmatched annual interest rate.
Meme Index has undergone audits from trusted firms, Coinsult and SolidProof, ensuring the security of its smart contract.
Stay updated on Meme Index news and announcements by joining its community on Telegram and X.
https://twitter.com/memecoin_index/status/1889021052531183903
Cryptocurrency assets represent a risky investment.
Source: Meme Index
Disclaimer: This article does not constitute investment advice. The information provided herein should not be used as the basis for making financial decisions. Cryptocurrency investments entail risks and may lead to significant losses. It is recommended to invest only what you can afford to lose and to conduct your own research before making any investment decisions.
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