6th Man Ventures Founder Shills Solana Ecosystem Meme Coin TOAD, Which Skyrockets to a $200 Million Market Cap Before Sliding Back

BlockBeats News, August 9th, the Solana ecosystem meme coin TOAD went live at 22:00 last night. Mike Dudas, Founder of 6th Man Ventures, received a token gift from the TOAD community and has been continuously shilling and making small purchases on social media platforms. Mike Dudas stated that he will not sell these tokens, but will follow Ansem's practice of using them to incentivize narrative spreading.

Boosted by this news, according to the GMGN price, TOAD's market cap quickly reached $20 million after launch, then retreated to $12 million, with a trading volume exceeding $53.1 million.

BlockBeats reminds users that the price of related tokens is highly volatile, so users should invest with caution.