Solana Ecosystem Meme Coin Buttcoin Hits All-Time High Market Cap Despite Market Downturn, Diamond-Handed Whale Realizes Over $500,000 in Profits

BlockBeats News, February 7th, according to GMGN market data, the Solana ecosystem meme coin Buttcoin hit a new ATH today against the trend, with a market cap surpassing $45 million before falling back, now trading at $40.61 million, representing a weekly gain of 425.3%.

Observing the token's top addresses, it was found that the second-ranked address bought in when the token was approaching a $7 million market cap, investing $95,000 in the purchase and never selling, resulting in an unrealized profit of $506,700.

BlockBeats reminds users that meme coin trading is highly volatile, largely driven by market sentiment and hype, with no actual value or use case, so investors should be aware of the risks.