Solana-based Chinese Meme Coin "My Sword and Shield" Surges to $6 Million Market Cap, Up 240% in 24 Hours

BlockBeats News, March 6th, according to GMGN monitoring, the Solana ecosystem Meme coin "My Sword and Shield" saw its market value rise from $1.8 million today, reaching a peak of $6.6 million at one point, currently trading at $5.6 million, with a 240% increase in the past 24 hours and a trading volume of about $4.9 million during the same period. The token has been online for 6 days. It is the first recent Chinese narrative Meme coin on Solana's blockchain to achieve a million-dollar market value.

On-chain trader Cowboy bought $740 worth of the Meme coin when its market value was around $290,000, and the current unrealized return rate has reached 1900%. After selling a portion, the current total profit is about $7,930.

The BSC blockchain's Meme coin "My Sword and Shield," with a market value of only $500,000, recorded an approximately 57% increase in 24 hours, with a trading volume of about $360,000 during the same period. The token has been online for about 28 days.

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