Enron has launched a new cryptocurrency token, quickly achieving a market capitalization of $700 million within the first 10 minutes of trading. The token, referred to as a meme coin, has drawn attention due to its rapid rise and subsequent volatility. Initial trading volume reached nearly $50 million. However, shortly after the launch, the market cap dropped significantly, settling around $236 million within 30 minutes, reflecting a decline of over 70%. The launch has sparked discussions regarding its legitimacy and the nature of its tokenomics, with some observers questioning whether it represents a genuine investment opportunity or merely a marketing gimmick. Enron's recent activities also include the filing for a project aimed at powering homes in Texas, further adding to the intrigue surrounding the company's resurgence.