chibi

According to GMGN data, the market capitalization of the SOL ecosystem Meme coin CHIBI once exceeded 7.8 million USD, currently reported at about 7.4 million USD, with a daily increase of over 210%.ChainCatcher reminds users that the prices of Meme coins are highly volatile, and investors should be aware of the risks.

ChainCatcher message, the Solana ecosystem MEME Silly Dragon will launch its first NFT series Silly Dragon Chibi on January 10. This series is highly limited, containing only 50 unique 1/1 artworks, offered to Solana founders, pioneers of SILLY, and outstanding community members. Additionally, tasks will be provided to community members to enable them to earn NFT whitelist eligibility.Furthermore, this NFT series employs a burn mechanism, which can reduce the supply of SILLY tokens with each NFT transaction, thereby increasing value through scarcity. After the launch of the Chibi Collection, the team will initiate a second NFT series (name to be announced), showcasing static artworks with various attributes, with an approximate supply of 8,888 pieces.

ChainCatcher news, according to PeckShield monitoring, Chibi Finance is suspected of a Rug Pull, with $1 million worth of cryptocurrency drained. (source link)