BSC Meme Coin '4' Market Cap Peaks Above $1.6 Billion

Binance Life meme coin on the BSC chain saw its market capitalization briefly exceed $30 million, marking a dramatic daily increase of over 634%, but investors are cautioned about volatility.

Summary

The Binance Life meme coin on the BSC chain saw its market capitalization soar past $30 million, with a current market cap of $27.73 million, reflecting a daily increase of over 634%. However, Odaily has issued a warning about the extreme volatility of meme coins, advising investors to exercise caution.

Terms & Concepts
  • BSC (Binance Smart Chain): A blockchain network developed by Binance, offering fast transactions and low fees for decentralized applications and cryptocurrencies.
  • Meme Coin: A cryptocurrency inspired by internet memes or trends, often highly volatile and driven by community sentiment rather than fundamentals.
  • Market Capitalization: The total value of a cryptocurrency, calculated by multiplying its current price by the total circulating supply.