Data: The Meme coin Snowball on the Solana chain continues to rise, with a 24-hour increase of over 500%

According to GMGN monitoring, the Meme coin Snowball on the Solana chain continues to rise, with a 24-hour increase of over 500%, reaching a market cap high of 8 million USD, currently around 7.6 million USD, with a current price of 0.0076 USD.

It is understood that this Meme coin is the first on the Solana chain to automatically use 100% of the creator fees from the Pump.fun platform for its own market making. The token has been online for three days, and discussions on the X platform are heating up. Some optimists believe that its mechanism creates sustainable real buying pressure, leading to "snowball" growth, and aligns with the Christmas theme; while some bears argue that the Dev wallet still poses a potential risk of selling accumulated tokens for market making, and the current rise is still a short-term high-risk FOMO market.

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.