The market cap of V2EX token on Solana briefly surpasses $6.6 million, reaching a new all-time high
BlockBeats News, July 8 — According to GMGN data, the market capitalization of the Solana-based token V2EX briefly surpassed $6.6 million, reaching a new all-time high. It is currently reported at $6.1 million, with a 24-hour trading volume of $6.2 million.
As previously reported by BlockBeats, Livid, the founder of the Chinese developer community V2EX, told BlockBeats that the $V2EX token will be integrated with the V2EX community in the future. Currently, he holds about 75% of the total supply and has not sold any tokens, with approximately 25% of the total supply circulating in the market. The token was created nine months ago to test the Pump.fun platform. The reason for the token's recent listing on external exchanges is to add Solana wallet login functionality to the V2EX website, which required on-chain address verification and inadvertently led to the internal supply being bought out and the token entering external markets.
Livid stated that users who log in or link their accounts via Solana will be able to tip each other using stablecoins or $V2EX tokens, and some advanced features may require holding $V2EX tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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