ChainCatcher report: According to GMGN data, the Solana-based meme coin ANSEM briefly surpassed a $120 million market cap, setting a new all-time high, before retreating to $110 million. Its 24-hour price increase reached 9.7x, with a 24-hour trading volume of $88.2 million. Yesterday, crypto KOL Ansem stated on social media that, due to Pump.fun’s refusal to distribute an airdrop, he had to provide a “stimmy” (stimulus payment) to “the trenches” (on-chain meme coin traders). ChainCatcher reminds users: Most meme coins lack real utility and exhibit high price volatility. Please protect your assets and avoid FOMO.
Solana meme coin ANSEM market cap exceeds $120M, reaches new high
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Summary
The Solana-based meme coin ANSEM is among the altcoins to watch, as its market cap briefly surpassed $120 million, reaching a new high. The token surged 9.7x in 24 hours with a trading volume of $88.2 million. The rally followed a post by crypto KOL Ansem, who stated he had to distribute 'stimmy' funds after Pump.fun 'refused to give money (airdrop).' ChainCatcher notes that meme coins often lack real-world utility and are highly volatile, urging investors to remain cautious.
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