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Solana’s on-chain meme coin BAN has a market value of over $40 million, up 1,187% in 24 hours

BlockBeats news, on October 27, according to GMGN data, the market value of the Solana chain Meme coin Comedian (BAN) exceeded 40 million US dollars, and the current price is 0.0401 US dollars, with a 24-hour trading volume of 45 million US dollars, and a 24-hour increase of 1187%.

It is reported that Michael Bouhanna, vice president of Sotheby's, once tweeted that the artwork "banana and duct tape" will be auctioned at Sotheby's, and then users discovered that the personal address he posted issued related Memes, and the market value once rose to 7 million US dollars. After that, Michael Bouhanna deleted his personal address post, and the related Meme token fell by more than 80% in a short period of time.

BlockBeats reminds users that Meme coin has no actual use case, the price fluctuates greatly, and investment should be cautious.

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