Vitalik novel narrative Meme coin ZC market cap briefly surpasses $20 million, up over 41x intraday

BlockBeats news, September 29, according to GMGN market data, the market value of Ethereum ecosystem Meme coin ZC (zipcoin) briefly surpassed $20 million, with an intraday increase of over 41 times, currently reported at $17.5 million, with a trading volume of $6.6 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 to real blockchain.

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