BSC new Meme coin experiences huge fluctuations in one day, institutional speculation or market enthusiasm?

【BlockBeats】Recently, an interesting phenomenon has appeared on the BSC chain. A Chinese Meme coin “An” using the USD1 stablecoin pool experienced a rollercoaster ride on its launch day.

The price skyrocketed from the opening, with the market cap reaching a high of $41 million. It is currently stable around $34.7 million, with a single coin price of $0.034. It looks like a pretty fierce rise.

But here’s the interesting part—this surge has no fundamental reasons to justify it. There are no positive news, the community doesn’t have any special narrative support, and even monitoring platforms haven’t detected obvious risk signals for now. So what’s driving such a strong increase? Market analysis generally suggests it’s likely institutional speculation.

This kind of situation is actually quite common among Meme coins. These tokens are essentially driven by market sentiment and concepts, with no real product value or application scenarios backing them. Prices depend entirely on popularity, and volatility is especially high. Yesterday’s hot topic can cool down by today.

So if you’re paying attention to this type of coin, you must be aware of the risks involved. Always think carefully about how much loss you can tolerate before entering, because Meme coin markets can change suddenly and drastically.