In a remarkable surge of speculative activity, 50 new memecoins associated with the ticker $SPQR have launched within a span of nine hours. The acronym SPQR, which stands for 'Senātus Populusque Rōmānus' or 'The Senate and People of Rome', has sparked significant interest and discussion online. Notably, prominent figures, including Elon Musk, have engaged with the term, further amplifying its visibility. The memecoin phenomenon has led to various interpretations and playful references, with one user humorously suggesting it stands for 'Start Poor Quit Rich'. As the trend continues, $SPQR has also been listed on CoinGecko, indicating its growing presence in the cryptocurrency market.