Solana-based Meme Coin MITCH Market Cap Surpasses $23 Million, Trading Volume Reaches $21.8 Million Within 4 Hours

BlockBeats News, September 3rd, according to GMGN data, the on-chain Solana meme coin MITCH has a market capitalization exceeding $23 million, currently standing at $23.12 million, with a trading volume of $21.8 million within 4 hours of listing.

Mitch (aka idrawline) announced on his Telegram personal channel that he released his personal creator token MITCH on Pump.fun. He stated that he purchased the entire token supply during the pre-sale phase and additionally invested $20,000. Currently, all tokens will be held indefinitely in his wallet god.sol and will not be sold, burnt, or locked. He mentioned that in the future, he will focus on live streaming, gaming, and trading, and will randomly give away funds during each live stream. His main goal is to "have fun."

BlockBeats reminds users that meme coins often lack practical use cases, have high price volatility, and investment should be approached with caution.