Solana Meme Coin HODL Hits $60.57M Market Cap in 22 Hours

According to GMGN data, NEET’s value jumped over 69% in 24 hours amid continued volatility warnings from BlockBeats about meme coins’ lack of real utility.

SOL

Summary

GMGN market data shows Solana ecosystem meme coin NEET’s market capitalization has risen to $18.39 million, marking a 24-hour increase of more than 69%. BlockBeats reiterated that meme coins generally have no real use cases and can experience extreme price volatility.

Terms & Concepts
  • Meme coin: A cryptocurrency built around internet culture or jokes; often lacks intrinsic utility and can be highly volatile.
  • Market capitalization: The total value of a crypto asset’s circulating supply, calculated as price multiplied by circulating tokens.