Meme Coin Surges 100% in Afternoon Trading, Market Cap Surpasses $16 million

BlockBeats News, June 4th, according to GMGN monitoring, Solana's Meme coin three saw a surge of 104% in the past two hours, reaching a peak market cap of $16 million, now retraced to $13 million, with a 24-hour gain of 220% and a trading volume of $8.4 million during the same period.

It is reported that three, the native token of Solana's ecosystem AI project three.ws, experienced a Pump fun launch. The project is a browser-native on-chain 3D AI agent platform that can generate 3D AI agents with one click and embed them into any website.

The token started its rally on June 1st after IBM's official account replied to a related tweet on Platform X; yesterday, following the formal announcement of the strategic partnership between three.ws and IBM, the news further fueled today, coupled with the token's listing on a certain exchange, jointly driving up the market cap.

BlockBeats Note: Meme coins are subject to large price volatility, often driven by market sentiment and hype around a concept, lacking actual value or use case. Investors should be aware of the risks.