Dividend-Driven Meme Coin Gains Momentum
On January 27, a BSC-based meme coin briefly surged to a $10 million market cap before declining to around $7.6 million. The token is currently trading at $0.0076, showing a 24-hour gain of approximately 55%. The spike in interest appears to stem from the success of a previous meme coin created by the same team, which saw a return of over 1000x, along with the newly introduced automatic WBNB dividend mechanism.
From 1000x Gains to Market Correction
The earlier project achieved over 1000x growth, reaching a peak market cap of $140 million and winning the BNB Chain Meme Trading Competition in December 2024. However, its market cap has since dropped below $2 million, with its price nearing zero.
This new token, developed on the Flap platform by the same team, features a dividend model that aims to recreate past success. Whether it can replicate that performance remains to be seen.
- Previous project reached $140 million market cap
- New token integrates WBNB dividend functionality
- Market movement driven by FOMO, but caution advised