Binance Meme Tweet Sparks Surge in Two Major Same-Name Meme Coins, Aura Market Cap Skyrockets by 350%

BlockBeats News, May 9th, according to GMGN monitoring, this morning, Binance officially posted a meme image with the caption "aura maxxxxing" on their social media platforms, triggering a surge in the on-chain prices of two meme coins with the same names on the Solana network. Both aura and maxxing saw significant gains during the day, with the rally continuing at noon:

aura: The market cap reached a peak of $40 million, hitting an all-time high of over 350% gain, currently trading at $39 million, with a daily trading volume of $7.9 million;

maxxing: The market cap reached a peak of $77 million, surging nearly 100%, currently trading at $61 million, with a daily trading volume of $2.5 million.

BlockBeats reminds users that meme coin trading is highly volatile, often driven by market sentiment and hype around a concept, lacking actual value or utility. Investors should be cautious of the risks involved.