Solana Mainnet Meme Token ZACHXBT Surpasses $35 Million Market Cap Within 1 Hour

BlockBeats News, January 21st, according to GMGN data, Solana-based Meme token ZACHXBT went live with a 1-hour market cap exceeding $35 million and a reported trading volume of $52.8 million.

BlockBeats Note: The Meme token is named after the on-chain detective ZACHXBT, who helped recover approximately $20 million following the hack of a US government wallet on October 25, 2024. ZACHXBT himself, represented by X, did not receive a reward from the US government for this incident. A community user issued this token and transferred 50% to ZACHXBT's public wallet address.

BlockBeats reminds users that Meme coins often lack practical use cases, experience significant price volatility, and investments should be made with caution.