Ethereum ecosystem meme coin ZC's market cap briefly surpassed $17 million, surging over 20 times within the day.

BlockBeats news, September 29, according to GMGN market data, the market value of Ethereum ecosystem Meme coin ZC (zipcoin) briefly surpassed $17 million, with an intraday increase of over 20 times, currently reported at $12.05 million.

The narrative of ZC (zipcoin) comes from the fictional currency in Ethereum co-founder Vitalik Buterin's novel "Snowmoon." It is designed as an on-chain currency with "anonymous payments, burning to make sounds, and real-time taxation," attempting to bring the concept from the novel into real blockchain implementation.

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