Solana Mainnet Meme Token ZACHXBT Surpasses $90 Million Market Cap Within 2 Hours

BlockBeats News, January 21st, according to GMGN data, the Solana-based Meme token ZACHXBT went live and saw its market cap surpass $90 million within 2 hours, currently sitting at $72 million, with a trading volume of $138 million.

BlockBeats Note: The Meme token is named after the on-chain detective ZACHXBT, who helped recover approximately $20 million after the hacking of a U.S. government wallet address on October 25, 2024. ZACHXBT himself, represented by X, did not receive a reward from the U.S. government for this incident. A community user issued the 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 investment should be approached with caution.