According to GMGN data, the market cap of BSC-based meme coin BEN briefly surpassed $17 million early Monday, setting an all-time high before settling at around $12.09 million. The token recorded a 24-hour gain of over 990 times. Its liquidity pool is paired with a tokenized version of the Invesco QQQ Trust (NASDAQ 100 tracker). Earlier market reports indicated that Flap is testing BEN as a new base pool. Odaily warns investors of extreme volatility in meme coins.
BEN, a meme coin on the BNB Smart Chain (BSC), briefly pushed its market capitalization past $17 million early Monday and set a fresh all-time high, according to GMGN data. By press time, that figure had slipped back to about $12.09 million. Even so, the token was still sitting on a wild 24-hour gain of more than 990x.
Its liquidity pool is matched with a tokenized version of the Invesco QQQ Trust on BSC, the fund that tracks the NASDAQ 100 index. And there’s more around it. Flap, a project tied to the BSC ecosystem, is reportedly testing BEN as a new base pool for its platform.
Odaily is reminding readers of the obvious but important risk here: meme coins can swing violently in price. Investors should do their own due diligence before trading.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
