The market cap of the Solana-based Meme coin "Just a Backpack" briefly surpassed $4 million.

BlockBeats News, September 8 - According to GMGN market data, the Solana-based Meme coin "Just a Backpack" briefly surpassed a market cap of $4 million, currently reported at $2.98 million, with a 24-hour trading volume of $6.4 million.

On-chain data shows that crypto trader Ansem spent $15,000 to purchase 4.5 million "Just a Backpack" tokens 20 minutes ago. "Just a Backpack" is a Backpack-themed Meme coin and is paired with the Backpack token BP in a trading pair.

BlockBeats reminds users that Meme coins often lack practical use cases and experience significant price volatility, so investment should be approached with caution.