Buttcoin’s market cap peaked above $45 million before easing, with one major investor gaining over $500K, highlighting the speculative nature of meme tokens on Solana.
Solana-based meme token Buttcoin surged 425.3% in the past week, reaching a peak market capitalization above $45 million before settling at $40.61 million. A top investor who entered with $95,000 when the market cap was near $7 million now holds an unrealized gain of $506,700. BlockBeats warns of high volatility and the speculative characteristics typical of meme coins.