The newly launched token surpassed $36 million market cap within seven hours, with concentrated holdings posing potential risks for investors.
The meme coin '修仙' on Binance Smart Chain recorded over $120 million in trading volume and a 40% price increase shortly after launch. Within seven hours, its market capitalization exceeded $36 million. Data shows the top 100 holders own 50% of its supply, signaling possible investor risk due to concentrated ownership.