STONK, the platform token of Solana-based token issuance platform StonkFun, briefly climbed back above a $180 million market capitalization on Sept. 10, according to GMGN market data. The token was last quoted at $179.6 million in market cap. Over the past 24 hours, STONK rose 24.86%, while trading volume reached $94.1 million. The move put the token back above the $180 million mark for a short period during the session. BlockBeats noted that many meme coins lack practical use cases and can see sharp price swings, and reminded users to remain cautious when making investment decisions.

Crypto markets saw an unusually dense flow of developments between Sept. 9 and Sept. 10, with LAPTOP drawing the most attention after its launch, airdrop claims, market-maker allocations, liquidity incentives and extreme price moves all unfolded in quick succession. Security concerns emerged at the same time, including phishing warnings tied to LAPTOP and a separate email phishing alert from hardware wallet maker Trezor. Beyond LAPTOP, on-chain activity showed large ZEC buying through three wallets, a profitable six-month run in VVV and LIT by whale address 0x7378, and fresh positioning by trader Based16z. Binance listed Niulai and expanded related services, while Binance Alpha added 4Stock and A Meme Coin. Institutional and infrastructure news also arrived in size. Aave launched an official MCP server for AI agents, Consensys spun out MetaMask into an independent entity, U.S. Bank tested cross-border payments using USBDC on Stellar, PayPal formally rolled out its PYUSDx platform, and Tether teamed up with Fasanara Capital on a $400 million private credit fund. Regulators and policymakers were active as well, with U.S. enforcement action against Xinbi Guarantee, fresh pressure in Washington around the CLARITY Act, and an EU move to extend local contact-point rules to crypto service providers.

According to GMGN data, Solana-based meme coin baton briefly pushed its market capitalization above $10 million before pulling back to $7.9 million. The token posted a gain of more than 470% over the past 24 hours. BATON is described as a community meme coin derived from the historical narrative around Baton Corporation, the company behind Pump.fun, and its early project Baton Finance. The token only borrows that narrative and is not affiliated with Pump.fun officially. Odaily said meme coins can see sharp price swings and reminded investors to take part with caution.

Bundle Cat (BUN), a meme token on Robinhood Chain, has pushed its market capitalization above $37 million, according to GMGN data cited by BlockBeats on Sept. 10. The token was up 98% over the past 24 hours, with trading volume reaching $1.5 million. BlockBeats described BUN as the mascot token of Mosh and its first experimental token. Mosh itself is presented as an unfinished token issuance rules experiment on Robinhood Chain, with BUN serving as its first live test. The report also said Mosh is a protocol layer built on top of the Robinhood Chain launch platform and centers on a fair launch narrative built around "crowd lock-up + AI market making." BlockBeats added a risk note, saying BUN should not be treated as a finalized governance token and that it remains unclear whether the project has official backing. The outlet also warned that meme tokens often lack real utility and can see sharp price swings.

According to GMGN data cited by Odaily, the market cap of meme coin Niulai briefly dropped below $75 million this morning, with its 24-hour decline exceeding 23%, before rebounding to $78 million. Marscoin also slipped below the $100 million mark earlier in the day, posting a loss of more than 16% over the past 24 hours, and later recovered to $107 million. Odaily warned that meme coins can see sharp price swings and said investors should participate with caution. The update focused on the two tokens’ market-cap moves during the morning session and their subsequent rebound levels.

BlockBeats reported on Sept. 10 that BTC.TOP founder Jiang Zhuoer said U.S.-listed BNC had fallen to its $4.4 support level and that he had opened a trial position of 5% around $4.5. He said the stock could fall as far as $4, which he described as the starting point of the previous move. Jiang added that BNC’s mNAV was about 49% and that the company held $400 million worth of BNB while its current market capitalization was below $200 million, which in his view meant investors were effectively buying BNB at a 50% discount through BNC. He also said that if the "BNC + Meme" flywheel worked, it would be an upside surprise. Separately, BIT (bit.com) market data showed BNC closed down 15.62% and rebounded 2.71% in after-hours trading to $4.55. GMGN data showed that BNC4, the tokenized stock on BSC, was quoted at $5.584, implying a premium of about 23% over the underlying stock.

A broad pullback hit recently popular on-chain tokens and leading meme coins, according to GMGN data cited by BlockBeats on Sept. 10. On Robinhood-linked on-chain markets, MEME fell 23% over 24 hours, leaving its market capitalization at $62 million after previously topping $170 million. CASHCAT dropped 12% to $162 million, while AI lost 16% to $193 million. Other names on the same segment also posted steep losses, including microduck, BONER, PAIR, STRATTON and OURO. On BSC, several tokens also moved lower, with 4Stock down 37% and the market cap of the BNC4-paired meme stock token build shrinking 90% to $2.3 million. On Solana, ZCAT and USELESS both declined, with USELESS falling 23% to a $220 million market cap. BlockBeats said token prices remain highly volatile and urged users to be cautious.

Hunter Biden has responded to the sharp post-launch drop in the meme coin LAPTOP, rejecting the dominant social media and media framing around the token’s collapse. He said the early trading volatility was driven by a combination of thin initial liquidity, technical issues, and predatory snipers trying to enter before liquidity providers, which briefly pushed the price up before it fell back. Biden also said the team’s allocation is locked, that no one sold, and that he personally did not make any money from the token. He added that the project’s fully diluted valuation is still above $1 billion and said the team is looking for the best way to improve liquidity while staying engaged with the community. According to GMGN data cited in the report, LAPTOP’s FDV rose to more than $300 billion at its peak within nearly 12 hours of launch, then fell to as low as $1.2 billion and later stood at $1.8 billion, down about 99.4% from the high.