Tesla Can Fly! Roadster 2 Sparks On-Chain Meme Free-for-All

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For Meme coins, it still comes down to Solana and BSC; the bullish momentum also spread to related stock tokens.

Original|Odaily(@OdailyChina)

Author|Wenser(@wenser 2010)

It's not just Chinese people who can fly — Teslas can fly too!

On October 16, Musk demonstrated Tesla's latest flying car, the Roadster 2, in Texas, USA. According to online videos, the vehicle performed flight demonstrations including inverted driving on a reverse-curved ramp, launching off the ramp into the air, and vaulting over a wall of ground vehicles. Although mass production won't begin until 2028, the "Rocket Docking System and aerodynamic thrusters" built on SpaceX technology are already exciting enough.

Following this news, numerous related Meme coins appeared on-chain, and trading volumes for SpaceX- and Tesla-related stock tokens and contract derivatives also saw a surge. Odaily will compile some representative projects in this article for readers' reference. The following content does not constitute investment advice. Meme coins are highly volatile and risky, so please participate with caution.

SOL On-Chain Meme Coin: FTR

CA: DFMt2FyLpB6ekPNAzVErLXgpSnJ9CRf1VnxBAkTLpump

Market Cap: Currently reported at $6 million

Price: Currently reported at around $0.0066

24-Hour Trading Volume: $31 million

BSC On-Chain Meme Coin: Tesla Can Fly

CA: 0x610a36f996650be0561f5d74d36b7e73520a7777

Market Cap: Currently reported at $850,000

Price: Currently reported at $0.0008

24-Hour Trading Volume: $3.6 million

BSC On-Chain Meme Coin: Chinese People Can Fly

CA: 0x108876c3df3d893350e9b780563b3697aa3e7777

Market Cap: Currently reported at $1.38 million

Price: Currently reported at $0.0013

24-Hour Trading Volume: $283,000

Robinhood On-Chain Meme Coin: FTR

CA: 0xa605875d620753f4fb06024b788b2b6552a81e18

Market Cap: Currently reported at $120,000

Price: Currently reported at $0.00012

24-Hour Trading Volume: $310,000

It's evident that the Solana ecosystem and BSC ecosystem remain the quickest to react to such hot topics, with both having Meme coin projects that broke past $1 million in market cap. In contrast, Base, Robinhood Chain, and the ETH mainnet showed relatively cold reactions to Meme coins related to such hot events, with low trading enthusiasm. The market caps of related Meme coins remained in the range of tens of thousands to hundreds of thousands of dollars — a full order of magnitude difference. This also indirectly indicates that current on-chain liquidity is insufficient and retail trading sentiment is relatively subdued.

In addition to the intense PVP among Meme coins, Tesla's flying car also drove spot and contract trading of on-chain stock tokens.

According to Hyperliquid on-chain data, influenced by the flying car demonstration and other news, the TSLA on-chain contract price recorded a 24-hour gain of 4.8%, currently reported at around $377.8; 24-hour trading volume reached $158 million; total open interest stood at approximately $98 million.

According to Hyperliquid on-chain data, driven by positive factors including Tesla's flying car adopting SpaceX rocket flight-related technology, the SPCX on-chain contract price recorded a 24-hour gain of 2.8%, currently reported at around $152; 24-hour trading volume reached $164 million; total open interest stood at approximately $130 million.

According to Hyperliquid on-chain data, driven by the Tesla flying car launch boosting the commercial space sector, the RKLB on-chain contract price recorded a 24-hour gain of nearly 5%, currently reported at around $56; 24-hour trading volume reached approximately $100 million; total open interest stood at approximately $7 million.