On September 8, according to GMGN data, the Meme coin 4Stock on BSC reached a peak market cap of $8.93 million within 2 hours of its launch, currently reporting a market cap of $5.21 million, with a trading volume of $10.2 million in those 2 hours. BlockBeats notes that meme coin trading is highly volatile, largely relying on market sentiment and hype, lacking actual value or use cases, and investors should be aware of the risks.
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