BlockBeats News, September 15th, according to GMGN monitoring, Pump Live has sparked a “Live Coin” craze, and meme coin trading related to Solana has significantly increased in activity. As of the time of writing, the current top three tokens in terms of market capitalization in the live stream are as follows:
Bagwork (Bagwork): Market Cap approximately $36.3 million; LP approximately $1.1 million (Meteora DLMM, locked); 24h trading volume approximately $62 million; approximately 12.5k holders; Token launched 4 days ago.
StreamerCoin (STREAMER): Market Cap approximately $15.15 million; LP approximately $728k (Pump AMM, locked); 24h trading volume approximately $21.8 million; approximately 10.1k holders; Token launched 12 days ago.
MD (Market Dominance): Market Cap approximately $3.02 million; LP approximately $39k (Raydium AMM, locked); 24h trading volume approximately $7,290; approximately 1.45k holders; Token launched 332 days ago.
The traffic of live coins is mainly driven by streamers/KOLs; new coins mostly adopt Meteora DLMM / Pump AMM + pool lock + low tax, with some having a relatively high burn rate. Apart from the top projects, most projects have a market capitalization of less than $1 million, high turnover, high concentration, and withdrawal risks. It is important to closely monitor large wallets.
BlockBeats reminds users that many meme coins have no practical use case, experience high price volatility, and investment should be approached with caution.
