Chinese meme token Longxia has climbed past a $60 million market capitalization, according to market data from GMGN cited by BlockBeats on Sept. 12. The token posted a 58.7% gain over the past 24 hours. Even with that sharp move, its 24-hour trading volume was reported at just $3.5 million. BlockBeats also cautioned that price swings in related tokens can be severe and said users should stay careful when making investment decisions. The update points to a strong price move alongside relatively limited turnover during the same period.
Chinese meme token Longxia rose above a $60 million market capitalization, according to GMGN market data cited by BlockBeats on Sept. 12.
The token was up 58.7% over the past 24 hours. Even as its market cap moved sharply higher, Longxia recorded only $3.5 million in 24-hour trading volume.
BlockBeats warned that related tokens can see large price swings and said users should be cautious with investments.
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