MOMOTA, a Solana-based meme coin, briefly pushed its market cap past $5 million before easing to roughly $4.5 million, a gain of more than 170% on the day. Odaily reminded users that meme coins are volatile and mostly lack practical use cases, urging asset protection and advising against FOMO.
MOMOTA, a meme coin built on Solana, rallied sharply in a short period, according to GMGN data. Its market capitalization briefly topped $5 million and now reads about $4.5 million, up more than 170% on the day.
Odaily cautions that meme coins can swing wildly and most have little real-world utility. It advises users to protect their assets and avoid FOMO.
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