Meme coin MOLT's market cap surged to $12 million early this morning, then fell back 35%, with a 24-hour increase of 260%

GateNews

2026-03-11 01:55:24

Gate News reports that on March 11, the Base ecosystem meme coin MOLT briefly surged above $12 million in market capitalization early this morning, then retreated to $7.6 million, a decline of about 35% from the high. Data shows that MOLT’s 24-hour increase reached 260%, with a trading volume of $15.1 million during the same period. The recent surge was mainly driven by Meta’s announcement of acquiring Moltbook. It is important to note that meme coin trading is highly volatile, often relying on market sentiment and hype, with no intrinsic value or practical use cases. Investors should carefully assess the risks.

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