On August 8th, according to GMGN data, the market capitalization of V2EX token on the Solana chain broke through $20 million, reaching a historical high of $21.6 million, with a 24-hour trading volume of $430,000.
BlockBeats previously reported that on July 8th, V2EX community founder Livid stated that the $V2EX token will have subsequent interactions with the V2EX community. Currently, his holdings account for approximately 75% of the total supply, and he has not sold any. The current circulating market supply is around 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) was 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.
