GMGN data shows Snowball’s market cap spiked before swiftly declining; Odaily advises caution due to the high volatility of meme coins.
GMGN reported that the Binance Smart Chain (BSC) meme coin Snowball briefly reached an $89 million market capitalization before falling to $78 million. Crypto media outlet Odaily highlighted the extreme volatility of meme coins and urged investors to approach such assets cautiously, given their rapid and unpredictable price movements.