Solana Ecosystem Meme Coin GEN Increased 58.73% in 24 Hours, with a Temporary Market Cap of US$20.32 Million

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On July 18, according to GMGN data, the Solana ecosystem AI concept MEME coin GEN saw a 24-hour increase of 58.73%, with a market value of approximately $20.32 million and a 24-hour trading volume of $1.1 million.

On-chain data shows that the suspected ai16z and ARC whale addresses have established a position of 2.4 million GEN tokens at the beginning of this week, and made multiple additional purchases today, with a cumulative holding of millions of tokens.

BlockBeats reminds users that MEME coins often lack practical use cases and have significant price volatility, so investment should be approached with caution

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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