Solana Meme Token SPARK Hits $30 Million Market Cap Before Pullback

COPE, a Solana-based meme coin, hits a $13 million market cap with $26 million in 24-hour trading volume, but caution is advised due to high volatility and limited utility.

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Summary

Solana-based meme coin COPE achieved a market cap of $13 million and a 24-hour trading volume of $26 million, marking a new all-time high. While the coin saw significant trading activity, experts caution that meme coins like COPE remain highly volatile and lack practical use cases, similar to other Solana meme tokens.

Terms & Concepts
  • Meme Coin: A cryptocurrency created primarily for entertainment or hype, often lacking intrinsic value or practical use cases.
  • Market Capitalization: The total value of a cryptocurrency, calculated by multiplying its current price by the total circulating supply.
  • Solana: A high-performance blockchain platform known for low transaction costs and fast processing speeds, frequently used for token launches and decentralized applications.