Odaily Planet Daily reports that, according to GMGN data, the BSC chain Meme coin UPONLY briefly reached a market cap of over $4 million, surging more than 90-fold within the day, and is currently trading at approximately $3.7 million.
According to community information, the UPONLY concept originates from CZ's earlier idea of a "stock that never goes down," in which reserve funds are used to repurchase tokens whenever the price drops by a certain amount, creating a price floor mechanism.
Odaily reminds users that meme coins experience significant price volatility, largely driven by market sentiment and speculative hype, with no fundamental value backing them. Investors should prioritize asset security and participate cautiously.