BlockBeats News, April 16th, according to GMGN monitoring, last night, the Solana ecosystem Meme coin BULL saw its market cap briefly surpass $11 million, now retraced to $8.9 million, maintaining a 30% 24-hour gain, with a trading volume of $3.4 million during the same period.

It is reported that the token's earlier surge was driven by interactions between the Shib official Twitter account and the BULL community account.

BlockBeats reminds users that Meme coins are highly volatile, often driven by market sentiment and hype around a concept, lacking actual value or use case. Investors should be cautious of the risks involved.