Meme Coin MOLT Hits All-Time High Market Cap of Over $12 Million Before Retracing 35%, Reaching a Daily Trading Volume of $15.1 Million

BlockBeats News, March 11th, according to GMGN monitoring, the Base ecosystem Meme coin MOLT's market value surged to above $12 million in the early hours today and has now retraced to around $7.6 million, representing a 260% increase in a 24-hour period, with a trading volume of $15.1 million. This rally was mainly driven by Meta's announcement of acquiring Moltbook.

BlockBeats Note: Meme coins are highly volatile, often driven by market sentiment and hype, lacking actual value or use case. Investors should be aware of the risks.