Data: The Chinese meme coin "My Sword and Shield" on the Solana chain has reached a market value of 6 million USD, with a 24-hour increase of 240%

According to GMGN monitoring, the Solana ecosystem Meme coin "My Sword and Shield" has seen its market cap rise from $1.8 million to a peak of $6.6 million, currently reported at $5.6 million, with a 24-hour increase of 240% and a trading volume of approximately $4.9 million during the same period. The token has been online for 6 days. It is the first Chinese narrative Meme coin on the Solana chain to exceed a market cap of one million dollars recently.

On-chain trader Cowboy purchased $740 worth of this Meme coin when its market cap was around $290,000, and the current floating return rate has reached 1900%. After selling part of his holdings, the current total profit is approximately $7,930. The similarly named Meme coin "My Sword and Shield" on the BSC chain recorded an increase of about 57% in 24 hours, with a market cap of only $500,000 and a trading volume of approximately $360,000, having been online for about 28 days.

ChainCatcher reminds users that trading Meme coins is highly volatile, largely relying on market sentiment and speculative hype, and has no actual value or use case. Investors should be aware of the risks.