BlockBeats News, September 16th, according to GMGN monitoring, the Pump Live platform has sparked a “Live Coin” frenzy, with significant trading activity of Solana-based Meme coins. As of the time of writing, the top three tokens by market capitalization currently live streaming are:
KindnessCoin (KIND): Market Cap of about $21.8 million, 24h Trading Volume of about $35.6 million, 7317 Holders, Token has been live for 9 days;
StreamerCoin (STREAMER): Market Cap of about $8.83 million, 24h Trading Volume of about $16.5 million, 10,200 Holders, Token has been live for 13 days;
Feed The People (FTP): Market Cap of about $4.6 million, 24h Trading Volume of about $11.8 million, 4182 Holders, Token has been live for 3 days.
The popularity of Live Coins is mainly driven by anchors/KOLs; they have high turnover rates and large 24h fluctuations. The Top 10 holders hold 17%–24% of the tokens, indicating a relatively high degree of centralization. BlockBeats reminds users that many Meme coins have no practical use case, experience significant price fluctuations, and investing in them should be done with caution.
