BlockBeats News, September 5th, according to GMGN data, the new coin on the BSC chain meme coin Stonks surged to a new all-time high three hours after its launch, with a current market value of $10.81 million.

Public information shows that the top holder entered at a $393,000 market value 3 hours ago with a $8,490 investment, now sitting on a $210,000 unrealized gain with no selling activity so far.

The meme coin Stonks, inspired by BSC's official trading event 'BNB Stonks Szn' (Stonks is also a U.S. slang term, short for Stocks), is paired with BSC's tokenized version of the American stock QQQ (Invesco QQQ Trust, tracking the Nasdaq 100 Index).

BlockBeats reminds users that the price of such tokens is highly volatile, and users should invest with caution.