ANSEM Market Cap Surges Past $120 Million, Setting New All-Time High

BlockBeats News, June 29, according to GMGN data, the Solana ecosystem Meme coin ANSEM briefly surpassed a $1.2 billion market cap, hitting a new all-time high, and has now retraced to $1.1 billion. It recorded a 9.7x increase in the past 24 hours with a trading volume of $88.2 million.

Yesterday, crypto KOL Ansem stated on social media that due to Pump.fun's "refusal to airdrop," he had to provide some "stimmy" (stimulus funds) to the "trenches" (referring to on-chain Meme coin traders).

BlockBeats reminds users: Most Meme coins lack practical use cases and experience significant price volatility. Please be cautious, and avoid FOMO.