Solana's OG Meme Coin WOULD briefly surpassed a $100 million market cap on-chain before falling back to a current valuation of $85 million.

BlockBeats News, January 4th, according to GMGN monitoring, on the Solana chain, the Meme coin WOULD hit a market capitalization high of over $110 million at noon, has since slightly retraced to $85 million, with a current price of about $0.085, representing a nearly 80% increase in the past 24 hours. The token has been on a continuous uptrend since January 2nd, accumulating a total gain of 223.5%.

According to monitoring, at 3:00 PM yesterday, the address with the largest buy order in the past 24 hours (6kuz) bought approximately 1.23 million WOULD tokens at an average price of $0.056 to chase the rally, currently sitting on a 50% unrealized gain.

This meme originated from WouldCoinDev on Twitter, with a humorous tweet about Japanese Prime Minister Fumio Kishida. After Musk tweeted, "I love this meme," and shared the meme, the value surged significantly, reaching a peak market cap of $700 million. This Meme coin has been live for 529 days.

BlockBeats reminds users that Meme coins are highly volatile, heavily relying on market sentiment and concept hype, lacking practical value or use cases. Investors should be aware of the risks.