Meme Coin ANSEM Soars 424x in 24 Hours, KOL Ansem Holds 60.4% with $55.5M Unrealized Profit
The Solana-based meme coin ANSEM surged 424x in 24 hours, reaching a market cap near $100 million before retreating to $86 million. Its developer, crypto influencer Ansem, controls 60.4% of the supply, with unrealized profits of $55.5 million and a return of 81,917.2%. Ansem claimed on social media that due to Pump.fun's refusal to airdrop, he decided to distribute a 'stimmy' to on-chain traders. He continues to shill the coin, fueling community FOMO. BlockBeats warns investors of the high volatility and lack of utility behind meme coins.

