The Binance Smart Chain-based token has shown high volatility, dropping sharply before partial recovery, with concentrated holdings among its top investors.
The Binance Smart Chain meme coin ‘1’ saw its price drop from $0.0164 to $0.0064 within three hours on Jan. 21 before rebounding to around $0.0079. Its market capitalization stands at $7.9 million, with the top 100 holders controlling 61% of the supply at an average acquisition cost of $0.0066. The token previously reached a $17 million market cap before retreating, highlighting sharp price swings in its trading history.