On September 7, data from GMGN showed that Brew, a new token launch platform on BSC, launched yesterday and its market cap briefly surged to $28 million this morning before quickly falling to $12.57 million. The platform allows pairing tokens using meme coins, altcoins, and stock tokens as base pools. Some analysts suggest the sharp decline is linked to Flap, a major BSC issuance platform, which introduced a similar feature. BlockBeats warns users of high volatility and investment risks.
BlockBeats said on September 7 that, per GMGN data, Brew, a new token issuance platform on the BSC chain, went live yesterday. This morning, its market cap briefly jumped to $28 million, then quickly fell back to $12.57 million. The platform lets users issue tokens paired with meme coins, altcoins, and stock tokens as base pools. Some analysts say the sharp slide may be tied to a similar feature released by Flap, a leading BSC ecosystem issuance platform. BlockBeats warned investors that the token's price is highly volatile and still carries heavy uncertainty. So, caution is advised.
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