Influenced by Circle's CEO remarks, Solana-based token PURCH saw its market value surge to $19 million in the short term before pulling back.

BlockBeats News, February 2nd, according to GMGN monitoring, influenced by Circle CEO Jeremy Allaire's mention of the Purch project on X, the on-chain Solana token PURCH quickly surged in market value, reaching a high of $19 million in a short period of time, followed by a steep decline. Its current market value is approximately $7.5 million, with a current price of about $0.0075, still up 420% in the past 24 hours.

BlockBeats reminds users that Meme coin trading is highly volatile, often driven by market sentiment and speculative hype, with no real value or use case. Investors should be aware of the risks.