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Solana Chain Testicle Coin soars 40% in the morning, pulls back after hitting a market cap of $23 million
【Blockchain Rhythm】The Meme coin testicle on the Solana chain played a roller coaster again this morning. Starting from a market cap of $16 million, it quickly surged again, with a rise of over 40%, and the market cap reached as high as $23 million. It sounds quite exciting, but then the price started to loosen, and the current market cap has fallen back to around $21.2 million, with the price steady around $0.021, and a 24-hour increase of 36%.
Everyone is clear about the routine of this kind of Meme coin — essentially just hype and emotional gaming piled up, with no real application scenarios or value support. The volatility is so large that the risks are clearly visible. Participants in such trades should stay alert, control their risk exposure, and not be blinded by short-term gains.