GMGN data showed that Asteroid, a meme coin on BNB Smart Chain, saw its market capitalization rise above $9 million at one point, after gaining more than 130x on the day, before standing at $6.7 million. Separately, community-circulated information quoted Sm0kEy, described as one of the biggest beneficiaries of TST, as saying that the deployer of the TST token is not a Binance employee and has never been a Binance employee. Sm0kEy also said his earlier TST trades were based on spotting the opportunity early and were not tied to any relationship with the project team. The original report added that meme coins can see sharp price swings, and investors should pay attention to liquidity conditions and short-term trading risks.
According to GMGN data, Asteroid, a meme coin on BNB Smart Chain, briefly pushed its market capitalization above $9 million. The token was up more than 130x on the day and was later quoted at a $6.7 million market cap.
Separately, according to community information cited in the report, Sm0kEy, described as one of the largest beneficiaries of TST, said the deployer of the TST token is not a Binance employee and has never been a Binance employee. Sm0kEy also said his earlier participation in TST trading came from identifying the opportunity in advance and was not connected to the project team.
The report also warned that meme coins are highly volatile, and investors should watch liquidity and short-term trading risks closely.
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