Meme Coin Market Cap Soars Past $100M in One Day
According to market monitoring data, on January 30, the BSC-based meme coin experienced a sharp surge in market cap, rising from $31 million to $118 million. The current price stands at around $0.118, with a 24-hour increase of 76% and trading volume hitting $72 million.
Caution Over Market-Driven Volatility
These types of meme coins often gain traction due to community hype and speculative sentiment, lacking substantial technology or real-world use cases. Analysts warn investors to be cautious of the extreme volatility and potential risks associated with such assets.
- Market cap jumped from $31M to $118M
- 24-hour gain of 76%, trading at $0.118
- Speculative rally with no fundamental backing