GMGN data showed that CETS, a meme coin on BNB Smart Chain (BSC), briefly saw its market capitalization rise above $15 million. The token was later quoted at about $14.36 million, with an intraday gain of more than 180%.
The market note carried alongside the update warned users that meme coins can swing sharply in price and that most of them lack practical use cases. It advised users to protect their assets and avoid FOMO.
According to ChainCatcher, GMGN data showed that CETS, a meme coin on BNB Smart Chain (BSC), briefly rose past a $15 million market capitalization. It was later quoted at about $14.36 million, up more than 180% on the day.
A market note also warned users that meme coins often see large price swings and that most lack practical use cases. Users were advised to protect their assets and avoid FOMO.
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