Elon Musk showed a jet-assisted launch video for the Tesla Roadster at a Roadster presentation on Oct. 16, with the car seen leaping several meters into the air and clearing multiple vehicles. Musk also said production of the Roadster sports car will begin in 2028. As the clip gained heavy traction on X, the Solana-based meme coin Flying Tesla Roadster (FTR) surged more than 100% over a short period, according to GMGN market data. Its market capitalization was reported at $5.32 million, while trading volume reached $20.6 million. The report also cited a trader on fomo, @smokey0x, who bought $2,797.52 worth of the token when its market cap was $140,000 and was later sitting on a paper profit of $100,000. BlockBeats noted that the token was launched one day earlier and warned that, after the sharp run-up, selling pressure from profit-taking had already become significant.
Elon Musk showed a jet-assisted launch video for the Roadster at a Roadster presentation on Oct. 16. In the clip, the car jumped several meters into the air and cleared multiple vehicles. Musk also said production of the Roadster sports car will begin in 2028.
The video continued to draw strong traffic on X. According to GMGN market data, the Solana-based meme coin Flying Tesla Roadster (FTR), which shares the same theme, rose more than 100% in a short span. Its market cap was reported at $5.32 million, and trading volume reached $20.6 million.
The report also said that fomo user @smokey0x bought $2,797.52 of the token when its market capitalization was $140,000 and is now sitting on a paper profit of $100,000.
BlockBeats warned that the token was launched one day ago. After the sharp gain, the market has already seen heavy selling pressure from traders taking profits, and users should be cautious.
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