The market value of Meme token Wcoin exceeded 30 million US dollars within 3 hours of its launch

According to GMGN market data, the market value of Solana Network Meme token Wcoin (chasing that w) exceeded 30 million US dollars within 3 hours of its launch, with the highest reaching 30.38 million US dollars. At present, the market value has fallen to about 14 million US dollars, and the 24-hour turnover is about 1.4 million US dollars. Foresight News reminds that Meme coin trading is highly volatile and has no actual value or use case. Investors need to be aware of the risks involved.