BlockBeats News, August 29th, according to GMGN Market, Robinhood Chain meme coin COPPERINU launched and quickly reached a market cap of $10 million within 2 hours before falling back to $8.98 million. The trading volume has exceeded $5.7 million.

On the news front, the token's developer transferred 40% of the tokens to crypto KOL him's wallet. him later publicly stated that he was willing to develop the token into one with staking, claiming, and burn functions, and was willing to use this portion of the tokens for a community airdrop.

The COPPERINU meme is inspired by a tweet from crypto KOL Cobie in January this year. Cobie jokingly said that trading the real commodity (copper) shouldn't worry about "Copper Inu" stealing the spotlight, nor will anyone keep posting new "copper products" on Pump.fun. Crypto KOL him had previously spearheaded the spread of the meme coin COPPERINU on SOL, being seen by the community as the "top holder" and main narrative driver of the theme.

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