Solana's new meme coin GAY traded $15 million in 3 hours after launch, with a market value of over $4.2 million

BlockBeats reported that on July 31, according to market information, the new meme coin GAY on the Solana chain was traded at $15 million within 3 hours of its launch.

GAY is currently quoted at $0.00426, with a 75.07% increase in the past hour, and a market value of over $4.2 million.

Community rumors say that the Meme project was created by Frank, the founder of the NFT project DeGods.

BlockBeats reminds users that meme coins have no real use cases and should be invested with caution.