BSC Meme Coin Xueqiu Jumps 85% in 24 Hours Before Pullback
GMGN states that Xueqiu, a meme coin on BNB Smart Chain (blockchain network by BNB Chain), briefly surpassed a $21 million market capitalization before easing to about $14.2 million.
BNB
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Terms & Concepts
Meme coin: A cryptocurrency driven mainly by internet culture, community attention, and speculative trading rather than broad utility.
Market capitalization: The total value of a token’s circulating supply, typically calculated by multiplying its price by the number of tokens in circulation.
Trading volume: The total amount of an asset traded over a set period, often used to gauge market activity and liquidity.