On July 8, according to GMGN data, the market cap of V2EX token on the Solana chain briefly broke through $6.6 million, reaching a historical high, currently reported at $6.1 million, with a 24-hour trading volume of $6.2 million.
BlockBeats previously reported that Livid, the founder of the Chinese programmer community V2EX, told BlockBeats that the $V2EX token will be linked with the V2EX community in the future. Currently, its holdings account for around 75% of the total supply, and he has not sold any. The current circulating market supply is approximately 25% of the total. The token was created 9 months ago to experience the Pump.fun product. The reason for the token's graduation (entering the external market) today is to add Solana wallet login functionality to the V2EX website, with a need to view on-chain addresses, which inadvertently led to filling the internal market and entering the external market.
Livid stated that users who log in or bind to Solana can use stablecoins or $V2EX tokens for tipping, and some advanced features may require holding $V2EX tokens.
