Meme coin GP's market cap briefly surpassed $9 million, surging over 82.5% in 24 hours.

BlockBeats news, September 29, according to GMGN data monitoring, the market capitalization of Solana chain Meme coin RuneScape Gold (GP) briefly surpassed $9 million, with a 24-hour increase of over 82.5% and a trading volume of $3.6 million.

GP is themed around the gold coins of the classic game RuneScape and is paired with tokenized gold GLDx. Each GP transfer incurs a 3% tax fee. The accumulated fees are periodically converted by StonkFun and distributed proportionally in GLDx to eligible holders, forming a mechanism of "holding coins to gain exposure to gold price rewards." It is a highly volatile Meme asset that integrates game nostalgia narrative, transaction tax dividends, and the concept of tokenized gold.

BlockBeats reminds users that Meme coins mostly have no practical use cases, prices are highly volatile, and investment requires caution.