BlockBeats News, January 30, according to GMGN monitoring, driven by the listing on Bybit spot trading, the Solana ecosystem meme coin ELON once experienced a rapid surge, with its market cap briefly rising to $15 million, but failed to break through the previous high and then fell sharply. Currently, its market cap is about $4.5 million, with a price of about $0.0045. On-chain data shows that the average buy-in cost of the top 100 addresses is about $0.0044.
BlockBeats reminds users that meme coin trading is highly volatile, mostly driven by market sentiment and speculative hype, without actual value or use case. Investors should be aware of the risks.
