UTILITY market cap falls to $7.3 million after topping $10 million

UTILITY, a stock-meme token on BSC (BNB Smart Chain), pulled back to a $7.3 million market capitalization after briefly rising above $10 million overnight, while still posting an 18.5x gain over the past 24 hours and $20.3 million in trading volume. The move followed renewed attention to a Jan. 30 post from CZ saying GME should issue a utility token on blockchain, preferably on BSC. bStocks later reposted that older comment and said GMEB, its tokenized stock (blockchain version of a stock) for GameStop, is now trading on the platform. UTILITY is paired against GMEB rather than the more common BNB or USDT liquidity pair, making it part of a current BSC stock-meme trade built around U.S. stock tokens and the long-running GameStop retail-versus-Wall Street narrative. The report also cautioned that meme coins often lack practical use cases and can be highly volatile.

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