The market cap of the BSC-based LUNA Meme coin briefly surpassed $9 million before pulling back, now standing at $4 million.

BlockBeats News, September 7 - According to GMGN market data, the market cap of the new Meme coin LUNA on the BSC chain briefly surpassed $9 million, then fell back to around $4 million within 20 minutes.

This Meme coin quickly gained traction with its narrative of "pairing with old LUNA, GME-style short squeeze." Meanwhile, Terra (LUNA) on the Binance platform briefly surged over 20% before retreating, with a 24-hour gain currently reported at 10%, and its market cap rising to approximately $62 million.

BlockBeats reminds users that Meme coins often lack real-world use cases and are subject to high price volatility; investment should be approached with caution.