PLSTACIO, a meme coin in the Solana ecosystem, briefly pushed its market capitalization above $12 million, according to GMGN market data, before easing to about $11.9 million. The token was still up more than 300x on the day at the time of the update.
The project’s narrative is tied to a newly created character by artist Marcello, described in the source as a meme artist and content creator. His X account, @Marcello_695, has about 6,500 followers. The report also noted that Marcello has long created meme-style characters including Pepo, and lists works such as Swassie and Spepo in his profile.
Odaily said meme coins can be highly volatile and are easily influenced by social media commentary and broader market sentiment, warning traders to pay attention to risk.
PLSTACIO, a meme coin on Solana, briefly saw its market capitalization rise above $12 million, according to GMGN market data. It was later quoted at about $11.9 million, with gains of more than 300x on the day.
On the narrative side, PLSTACIO is based on a newly created character by artist Marcello. The source describes Marcello as a meme artist and content creator. His X account, @Marcello_695, has about 6,500 followers. He has long created meme-style characters including Pepo, and lists works such as Swassie and Spepo in his profile.
Odaily warned that meme coin prices can be highly volatile and are easily affected by social media remarks and market sentiment, and said traders should pay attention to risk.
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.
