Due to the Binance US listing announcement, the Meme Coin (USDUC) surged 550% intraday.

BlockBeats News, May 7th, according to GMGN monitoring, after the release of related positive news, the Solana-based Meme coin USDUC experienced a short-term market capitalization surge of nearly tenfold, reaching a high of $29 million. It has since experienced a substantial pullback, currently trading at $14.7 million, still holding a 550% 24-hour gain, with a trading volume of $21.8 million during the same period.

This surge may be directly related to Binance US's announcement that it will list the token for spot trading starting at 7 a.m. Eastern Time on May 7th (7 p.m. Beijing time on the same day).

BlockBeats reminds users that Meme coins are highly volatile, rely heavily on market sentiment and speculative trading, have no actual value or use case, and investors should be cautious of the risks involved.