Tesla's New Roadster Sparks Meme Coin Surge on Solana

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On-chain data shows the Flying Tesla Roadster (FTR) token surged over 100% following Elon Musk’s Roadster reveal on October 16. The event, featuring a jet-propelled launch, generated massive attention on X. On-chain analysis reveals a $20.6 million trading volume and a $5.32 million market cap. A $140,000 buyer now holds a $100,000 profit. Blockbeats notes the token was launched just one day prior and could face profit-taking pressure.

BlockBeats report, October 16: Today, Musk showcased a jet-powered launch video of the Roadster at the event, with the car leaping several meters into the air and soaring over multiple vehicles. Musk also stated that Roadster production will begin in 2028.


Related videos are seeing high traffic on the X platform, and under this influence, according to GMGN price data, the Solana-based meme coin Flying Tesla Roadster (FTR) surged over 100% in a short time, with its current market cap at $5.32 million and trading volume reaching $20.6 million.


On FOMO, user @smokey0x bought $2,797.52 worth of this token at a market cap of $140,000 and is now up $100,000 in unrealized profits.


BlockBeats reminds users that the related token was released one day ago; after a significant price increase, there is now considerable selling pressure from profit-taking, so users should exercise caution when investing.

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