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





