GMGN data shows that STONK, a Solana ecosystem token, briefly reached a market cap of $9 million, surging more than 140% on the day. Its market cap was last reported at $7.7 million. Odaily cautioned that meme coins are subject to sharp price swings, often driven by market sentiment and hot events, and lack real value support. Investors should remain cautious.
STONK, a token in the Solana ecosystem, saw its market capitalization briefly climb above $9 million, according to GMGN data. The intraday gain exceeded 140%, with the figure last standing at $7.7 million.
Odaily reminded investors that meme coins are highly volatile, largely driven by market sentiment and trending topics, and lack real value support. Investors should pay attention to the risks.
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