Epik Duck: From Joke to $25 Million Solana Meme Coin
Summary
- Michael Anderson created a Solana meme coin, "Epik Duck," in minutes, which quickly reached a $25 million market cap. - The rise of meme coins has led to services like Pump.fun allowing easy creation without coding. - After the initial surge, Epik Duck's market cap dropped, causing significant gains and losses for holders. - Anderson, unintentionally in charge, worked to legitimize the coin, seeing meme coins as a pure form of currency. - Despite mixed results, Epik Duck still holds a $12 million market cap, and Anderson has reinvested in the token and Pump.fun.
