Meme coin DOYR briefly reached a market capitalization of $9.7 million within 3 hours of its launch, with a trading volume of $13.1 million.
TL;DR
Meme coin DOYR hit a $9.7M market cap within 3 hours of launch, with $13.1M in trading volume. Binance's co-CEO warns of investment risks, as Meme tokens are volatile and lack real-world use.
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According to ChainCatcher, the market capitalization of DOYR, the Meme coin of the BNB Chain ecosystem, briefly reached $9.7 million within 3 hours of its listing, and is currently trading at $8.5 million, with a trading volume of $13.1 million in 3 hours.
This evening, Binance co-CEO He Yi posted an article stating that, based on the tweet, issuing tokens is a community activity, and users should be aware of investment risks. DOYR. ChainCatcher reminds users that Meme tokens often lack real-world use cases, their prices fluctuate significantly, and investment should be approached with caution.