Meme Coin 'memes' Market Cap Surges Past $20 Million, Hits All-Time High

BlockBeats News, January 21st, according to GMGN market data, the market value of a new Meme coin "memes" in the BSC ecosystem briefly exceeded 20 million U.S. dollars, reaching a new all-time high. It surged 66% in the past half hour, with a 24-hour trading volume of 27 million U.S. dollars.

It is reported that "memes" originated from a tweet released earlier today by the official White House account stating "The winning will continue. The deportations will continue. The memes will continue." After Binance CEO Changpeng Zhao retweeted the tweet, the price saw a significant increase.

BlockBeats Note: Meme coins are highly volatile, often driven by market sentiment and speculative concepts, without actual value or use case. Investors should be aware of the risks.