Solana chain Meme coin e/acc hits $29 million market cap 9 hours after launch, with trading volume reaching $55.5 million.

BlockBeats news, September 26, according to GMGN market data, Solana chain Meme coin e/acc reached a market cap of over $29 million within 9 hours of launch, with trading volume as high as $55.5 million.

The token, through the creator fee automatic splitting tool UsePaid, pays the generated creator fees to the Silicon Valley influencer account Beff Jezos (@beffjezos

) on X. The real identity behind the account is generally believed to be Guillaume Verdon, a former Google quantum computing and quantum machine learning engineer who later founded the AI hardware company Extropic. More famous than the person himself is his popularization of the Silicon Valley effective accelerationism slogan e/acc (effective accelerationism): referring to using technology and capital to push AI, energy, and growth to the limit.

Today, after the Meme coin e/acc launched, he first thought the X Money account suffered a DDOS attack, and later after understanding the situation, said he might use these funds for e/acc-related non-profit activities. It is worth noting that he has no official issuance relationship with the token, and is only named and passively receiving payments.

BlockBeats reminds users that Meme coins mostly have no practical use cases, prices fluctuate greatly, and investment requires caution.