From Cable News to Market Rocket
So, Newsmax—yes, the conservative TV network—just pulled off one of the wildest IPO moves we’ve seen in a while. They went public at $10, and in less than 48 hours the stock blasted to $233. That’s over 2,000% gains for anyone quick enough to hop on. It’s giving early meme stock vibes, with some calling it the next GameStop moment—but for right-leaning TV.
Enter the Fake Token
And like clockwork, a Newsmax token popped up on Solana shortly after the stock went parabolic. It’s trading under the same name, NMAX, but let’s be clear—this token isn’t affiliated with the actual company. Just a memecoin riding the hype. It picked up volume fast and briefly pumped hard, drawing in curious degens and pump-watchers.
Then Came the Dump
But the fun didn’t last. Shortly after launch, the token dumped hard, shedding most of its early gains. It’s still up overall from its base price, but the big red candle is already spooking folks. Some are calling it a soft rug, others are saying it was just early traders taking profits. Either way, the timing’s sus—and it’s likely this thing was built purely to ride the Newsmax news cycle.
DYOR Before You Ape
As usual in the meme trenches: DYOR or get rekt. This token came out of nowhere, with no official ties to the company and no real roadmap. It might still bounce around a bit with all the attention on Newsmax’s IPO, but don’t confuse the token’s chart with the stock’s. One is on Wall Street—this one’s born on Pump.fun.
Final Thoughts
A token using a trending name like Newsmax isn’t surprising, but it’s a reminder that not everything trending is legit. The stock might keep mooning, but the token? Probably not. Keep your wits about you, and remember: not every chart with green candles is your friend.
