ANSEM Market Cap Surpasses $120M, Reaches New High

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Summary

ANSEM, one of the altcoins to watch, briefly reached a market cap of $120 million on June 29, a new high. The Solana-based meme token later stabilized at $110 million, with a 24-hour price surge of 9.7 times and trading volume hitting $88.2 million. ANSEM, a crypto KOL, shared on social media that he had to distribute 'stimmy' funds to meme token traders after Pump.fun declined to conduct an airdrop. BlockBeats warns of the high volatility and lack of real-world use cases for meme coins, urging investors to remain cautious.

BlockBeats report, June 29: According to GMGN data, the Solana ecosystem meme coin ANSEM briefly surpassed a market cap of $120 million, setting a new all-time high, before retreating to $110 million. It recorded a 9.7x increase over 24 hours, with a trading volume of $88.2 million in the same period.

Yesterday, crypto KOL Ansem stated on social media that, due to Pump.fun's refusal to distribute funds (airdrops), he had to provide a "stimmy" to the "trenches" (on-chain meme coin traders).

BlockBeats reminds users: Most meme coins have no real use case and exhibit high price volatility. Please protect your assets and avoid FOMO.

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