Elon Musk's Retweet of CZ's New Book Sparks Surge in Meme Coin of the Same Name, "Freedom of Money", Reaching a Market Cap of $12 million Before Pulling Back

BlockBeats News, May 22, according to GMGN Monitoring, early this morning, Binance Co-CEO He Yi retweeted CZ's early tweet about the English version release of his new book on the X platform (original tweet posted on May 2). The tweet's main content includes: book introduction, bilingual audiobook, and proceeds to be used for charity.

On the BSC chain, the meme coin with the same name Freedom of Money saw a short-term surge in market cap today, reaching a high of $12 million, and has now fallen back to $9.4 million. It still maintains a 25.6% increase in the past 24 hours, with on-chain trading volume of $2.6 million during the same period.

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