The ENRON project attempted to relaunch as a crypto token but experienced a pump and crash shortly after its launch. The token, ENRON, had significant liquidity despite the crash. The project aimed to be both a legitimate utility token and a meme token. The launch attracted aggressive traders and bots on Solana. ENRON traded at a peak of $0.65 but has since crashed to $0.16. Early snipers locked in their gains but may still sell to realize profits. 92% of the ENRON supply is held by connected wallets, and some insider wallets may have rug-pulled earlier buyers. The project's website claims to be protected as parody and performance art. Despite claims of long-term intentions, the ownership structure resembles a risky meme token seeking exit liquidity. The meme token community is skeptical of ENRON.



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