A new coin on the BSC chain, the meme coin Stonks, reached a peak market cap of $8 million within 3 hours of its launch.

BlockBeats News, September 4th, according to GMGN market data, the new coin on the BSC chain, meme coin Stonks, achieved an 8 million US dollars market cap in its 3-hour rapid listing and is currently trading at 7.03 million US dollars.

This meme coin drew inspiration from the official BSC trading event "BNB Stonks Szn" (Stonks is also American slang, a play on Stocks) and is paired with the tokenized American stock QQQ (Invesco QQQ Trust, tracking the Nasdaq 100 Index) on the BSC.

BlockBeats reminds users that the price of such tokens is highly volatile, and user investment should be cautious.