「Bull Run」 Daily Trading Volume Approaching Robinhood's Entire Meme Coin Market Cap, Volume Could Enter Top 20 in the Market

BlockBeats News, August 17, according to GMGN monitoring, the on-chain Meme coin on the BSC "BullRun" has seen a 24-hour trading volume of over $44 million, with the single coin trade size approaching the entire Meme coin sector of the Robinhood Chain. The market cap has slightly decreased and is currently around $35.2 million.

CoinGecko data shows that the Robinhood Chain Meme coins had a total trading volume of about $53.2 million in the past 24 hours, with "BullRun" accounting for approximately 83% of that.

When compared to mainstream crypto assets, its trading activity has also entered the top tier. CoinGlass spot trading volume indicates that HYPE and DOGE had 24-hour trading volumes of approximately $53.83 million and $44.70 million, ranking between 12th and 14th in the overall market.

With a $44 million trading volume, "BullRun" is now close to DOGE; if included in the same calculation for CoinGlass spot trading volume ranking, its trading volume could be around the 15th place in the overall market.

BlockBeats Note: Meme coins are highly volatile, rely heavily on market sentiment and hype, and have no real value or use case. Investors should be aware of the risks.