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CHOG Meme Coin on Monad Ecosystem Hits $10M Market Cap Before Retreat

CHOG Meme Coin on Monad Ecosystem Hits $10M Market Cap Before Retreat

GMGN data shows CHOG rebounded 60% in a day to $4.1M, regaining top spot among Monad meme coins despite warnings of volatility and lack of practical use.

Fact Check
The assessment is "likely_true" with high confidence based on a strong consensus among multiple, independent, and authoritative sources. The most credible source, a research report from the digital asset investment firm Galaxy (Authority: 0.90), directly states that the CHOG memecoin was trading at a market capitalization of around $10 million. This is corroborated by several other reputable sources, including the data platform CryptoRank, news outlet CryptoNews.com, and a financial site, all of which report that CHOG either briefly surpassed, crossed, or hit the $10 million market cap threshold in late November 2025. Furthermore, project guides from the Bitget exchange also confirm this achievement. There is no conflicting evidence among the provided sources; the few sources that do not support the claim are either irrelevant to the topic of CHOG's market capitalization or have very low authority and simply lack information rather than providing a contradiction. The consistency across a range of credible sources (research, data analytics, news, and exchange guides) makes the original statement highly probable.
Summary

CHOG, a meme coin in the Monad ecosystem, rebounded from under $2.5 million to $4.1 million in market cap within 24 hours, representing a 60% surge and pricing at $0.0041. According to GMGN data, it is now the largest meme coin in the ecosystem by value. BlockBeats reiterated that such tokens remain highly volatile with no substantive real-world utility, underscoring ongoing caution in the market.

Terms & Concepts
  • Meme Coin: A cryptocurrency created primarily as a joke or based on an internet meme, often experiencing high volatility.
  • Monad Ecosystem: A blockchain platform supporting decentralized applications and tokens such as CHOG.
  • Token Generation Event (TGE): The official launch or distribution of a cryptocurrency’s tokens, often coinciding with a mainnet release.