Following Keith Gill's response to a message on Instagram, Meme Coin's market cap surpasses $14 million

BlockBeats News, January 29, according to GMGN Monitoring, on-chain Meme coin BP's market value surged again briefly, reaching a high of $14 million, currently at $13.5 million, with a price of about $0.014, a 702% increase in 24 hours. The key catalyst for this round of gains may come from Keith Gill's brother, Kevin Gill, who publicly confirmed on Instagram that his pet dog named "Puppy" was the driving force behind the price surge.

This morning, a new account allegedly linked to Keith Gill, Barking Puppy (X: BPuppy80020), posted related pictures, triggering community FOMO and pushing the market value to a short-term high of $10 million. The account became active shortly after the BP minting and Kevin Gill had added a link to this account in his Instagram bio a week ago. The timeline coincidence was seen by the community as a "deliberate arrangement," further fueling market excitement.

Keith Gill (X: Roaring Kitty) is a well-known American retail investor and social media influencer, famous for driving the stock price surge during the 2021 GameStop ($GME) short squeeze.

BlockBeats reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, without actual value or use case. Investors should be aware of the risks.