On January 27, according to GMGN monitoring, the market capitalization of the Solana on-chain Meme coin COPPERINUS briefly exceeded $18 million, setting a new historical high. It is currently trading at $16.75 million, with a trading volume of $42 million.
As previously reported, Cobie, the founder of Echo XYZ, posted a tweet today on the X platform about "Copper Inu," which led to the emergence of multiple meme coins with the same name, "COPPERINU," on the Solana chain. In the tweet, Cobie stated, "You don't have to worry about waking up one day to find that Copper Inu has taken away all of copper's market share. They won't be like some digital assets, where new items pop up on Pump Fun every few seconds to impact existing value."
BlockBeats reminds users that Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.
