%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl / A recently launched Solana (CRYPTO: $SOL ) based meme token named "Scam Altman" trading under the ticker $SCAM surged in value following a series of posts by Elon Musk in which the Tesla and SpaceX chief repeatedly referred to OpenAI CEO Sam Altman as "Scam Altman." The token was created on the pump.fun platform on April 27. Within hours it climbed from micro-cap levels to a market capitalization exceeding $15 million, according to data from Solscan, GMGN.ai and pump.fun trackers. Trading volume surpassed $30 million in its first day, reflecting the extreme volatility typical of meme coins on Solana. Musk's posts on X used the nickname in the context of his ongoing lawsuit against OpenAI. In one, he wrote "Calling him 'Scam' Altman is accurate" while linking to a New Yorker article critical of Altman. Other posts accused Altman and OpenAI of turning the original nonprofit into a for-profit entity and "stealing a charity," referencing the high-profile trial underway in California over control of the artificial-intelligence company Musk co-founded. The token's creators and community on X have explicitly tied its launch to Musk's comments, positioning it as satirical commentary on the Musk-Altman feud. No utility, roadmap or formal team has been disclosed, standard for pump.fun meme launches that rely on social momentum rather than fundamentals. Neither Musk nor Altman has commented publicly on the token itself. OpenAI did not immediately respond to a request for comment. Musk's representatives were not available.