On BSC, the Meme Coin 'BullRun' quickly surged to a market capitalization of over $26 million before retracting, experiencing a more than 40x increase in the past 24 hours.

BlockBeats News, August 16th, according to GMGN market data, the meme coin "CowToken" on the BNB Chain briefly surpassed a $26 million market cap earlier today before retracing, hitting a new all-time high, and is now trading at $19.45 million, with a more than 40x increase in the past 24 hours and a trading volume of $24.5 million.

Recently, the animated movie "CowToken," released during the summer season, went viral due to controversy over its animation quality. A close friend of the director has revealed that the movie was a labor of love created solely by the director and his mother. It took them 5 years to handcraft the entire movie without hiring a team. The cumulative box office revenue has now reached $2.27 million.

BlockBeats reminds users that meme coins often lack practical use cases, experience high price volatility, and investments should be approached with caution.