Meme coin RAYCAT market cap breaks through $11 million, hitting a historic high.

BlockBeats news, September 11, according to GMGN data, the market capitalization of Solana chain Meme coin Raydium Cat (RAYCAT) has surpassed $11 million, hitting a historic high, currently at $11.34 million, with a 24-hour increase of 404%.

RAYCAT was launched on the StonkFun platform, directly paired with RAY, with a 3% tax on each transfer proportionally distributing RAY rewards to all holders, while StonkFun's ecosystem flywheel continues to use platform revenue to buy back and burn the token. In short: holding RAYCAT automatically earns you Raydium's native token RAY.

BlockBeats reminds users that Meme coins often lack practical use cases, prices are highly volatile, and investment requires caution.