GMGN data shows BP’s market cap briefly exceeded $17.9 million before retreating, highlighting the extreme volatility typical of meme coin markets.
GMGN data reported that Solana-based meme coin BP surged more than 760% within 24 hours, briefly pushing market capitalization above $17.9 million before settling around $17 million. This rally follows a previous social media-driven spike linked to Instagram posts revealing a pet named 'Puppy' and activity from a related Barking Puppy account. Odaily cautioned investors about the high volatility of meme coins, stressing the risks involved in such speculative assets.