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The Meme coin market is once again experiencing an explosive moment. A certain Meme coin project achieved a $20 billion FDV in just 8 hours, quickly climbing to the fourth position among Meme coins, only behind the established giants DOGE, SHIB, and PEPE.
Subsequent trading activity became even more intense. The price hit a new all-time high of approximately $77 the next day, with the fully diluted market cap soaring to around $77 billion, and the daily circulating market cap reaching $15.4 billion. Such rapid growth is rare in the Meme coin sector — the cycle from 0 to $20 billion FDV has been compressed to the extreme, reflecting a high level of market sentiment concentration.
Industry analysts point out that behind this rapid breakout phenomenon, there is both quick community consensus formation and an indication of Meme coins' speculative nature as risk assets and their high liquidity. Regardless, this data point once again proves that the enthusiasm for the Meme coin ecosystem continues, and market participants' attention remains high.