Musk responded to an update from Russell, the Meme coin in the Base ecosystem, which briefly surged threefold before falling back.
AI Summary1 min read
TL;DR
Musk responded to a meme coin update on X, causing Russell's price to briefly triple before dropping. The coin's market cap is $9.4M, with high volatility and risks noted.
Tags
MuskMeme coinRussellBase ecosystemcryptocurrency volatility
On December 19th, Musk replied to Russell's post on the Base ecosystem's meme coin via a "viral" emoji on the X platform at noon today. Russell's price surged threefold in a short period before falling back.
According to GMGN data, Russell's market capitalization is currently $9.4 million, with a 24-hour trading volume of $5.5 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.