Solana meme coin ANSEM surges 115x in 24 hours, short-term market cap reaches $32M

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Summary

The Solana-based meme coin ANSEM surged 115x in 24 hours, reaching a short-term market cap of $32 million, according to on-chain data from GMGN. The token later declined to a $24 million market cap with $21.2 million in 24-hour trading volume. Crypto figure Ansem mentioned distributing a "stimmy" to "the trenches" after Pump.fun declined to conduct an airdrop. Blockbeats notes that meme coins often lack real-world utility and warns of high volatility. ANSEM joins other altcoins to watch amid rapid price fluctuations.

BlockBeats report, June 28: According to GMGN data, the Solana ecosystem meme coin ANSEM briefly surpassed a market cap of $32 million, now retreating to $24 million, with a 115-fold increase over 24 hours and a 24-hour trading volume of $21.2 million.

Today, 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" (referring to on-chain meme coin traders).

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

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