BSC meme token MAME tops $10 million market cap on June 24

Mame Inu hit a record high before easing to about $9.6 million, with GMGN data showing a 38% 24-hour gain as Odaily warned meme coins remain highly volatile.

Summary

BSC meme token MAME, also known as Mame Inu, surpassed a $10 million market cap on June 24, marking a record high before pulling back to about $9.6 million. GMGN data showed the token was up 38% over 24 hours. The move followed a whitelist subscription model launch and came after MAME had previously risen above $7 million on June 22, highlighting continued speculative interest in newly issued meme tokens on BSC. Odaily warned that meme coins are highly volatile and generally lack clear real-world use cases.

Terms & Concepts
  • market cap: Total value of a token's circulating supply.
  • meme token: A cryptocurrency driven largely by online community and hype.
  • whitelist subscription model: Launch method limiting early participation to approved users.