BlockBeats News, August 9th, the Solana ecosystem meme coin TOAD went live at 22:00 last night. Mike Dudas, founder of 6th Man Ventures, continued to promote and make small purchases on social media after receiving tokens gifted by the TOAD community. Mike Dudas stated that he will not sell this portion of the tokens, but will follow Ansem's practice and use these tokens to incentivize narrative spreading.

Boosted by this news, according to the GMGN data, the TOAD market cap quickly reached $20 million after launch, then retreated to $12 million, with a trading volume exceeding $53.1 million.

BlockBeats reminds users that the prices of related tokens are highly volatile, and users should invest with caution.