Base Ecosystem Meme Coin MOLT Soars 1800% in 24 Hours, Market Cap Peaks at $25M
MOLT’s rapid peak near $25 million followed Marc Andreessen’s X account activity with Moltbook, before falling to under $20 million amid high meme coin volatility.
Summary
Base ecosystem meme coin MOLT experienced extreme intraday volatility, briefly reaching a $25 million market capitalization after a16z co-founder Marc Andreessen’s X account engaged with Moltbook, a project linked to MOLT. GMGN data shows the token surged 107% in one hour before retreating to $19.77 million. Odaily cautioned users about meme coin price instability.
Terms & Concepts
- Base: An Ethereum Layer-2 network developed by Coinbase to offer cheaper, faster transactions for dapps and tokens.
- Meme coin: A cryptocurrency inspired by internet culture or memes, often highly speculative and prone to sharp price swings.
- Market capitalization: The total value of a cryptocurrency, calculated by multiplying its price by the circulating supply.