Meme token Wcoin surpassed 30 million dollars in market capitalization within 3 hours of its launch

Foresight News reports, according to GMGN market data, the Solana network meme token Wcoin (chasing that w) was listed for 3 hours, during which its market capitalization briefly exceeded 30 million US dollars, reaching a peak of 30.38 million US dollars. Currently, the token’s market capitalization has fallen back to around 14 million US dollars, with a 24-hour trading volume of 1.4 million US dollars.

Foresight News reminds that meme tokens experience significant trading volatility, have no actual value or use case, and investors should be aware of the risks.