Solana Memecoin UNC Reaches $22 Million Market Cap Four Days After Launch

The source says UNC, a memecoin on Solana, recorded $17 million in 24-hour trading volume, while one buyer acquired 37.45% of supply at an earlier stage.

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Terms & Concepts
  • Memecoin: A cryptocurrency typically driven by internet culture, community attention, and speculative trading rather than a broad utility model.
  • Market cap: The total value of a token’s circulating supply, commonly calculated by multiplying 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.