The market capitalization of BSC's on-chain Meme coin, "Snowball," reached a new high of $89 million, with a 24-hour increase of 270%.
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TL;DR
The BSC meme coin 'Snowball' surged 273% in 24 hours, hitting a market cap high of $89 million, but investors are warned of high volatility and lack of real value.
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雪球MESnowballBSCMeme coincryptocurrencymarket volatility
On January 16, according to GMGN monitoring, the BSC on-chain Meme coin "Snowball" has risen sharply since January 15 and continued to reach new highs this morning, with a 24-hour increase of 273%, reaching a high of $0.089. It is currently priced at about $0.079, with a market value of $79.3 million.
BlockBeats reminds users that Meme coin trading is highly volatile, relying heavily on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.