Solana Ecosystem Meme Coin GEN Surges 58.73% in 24 Hours, Market Cap Reaches $20.32 Million

BlockBeats News, July 18, according to GMGN data, the Solana ecosystem AI concept Meme coin GEN saw a 58.73% price surge in the past 24 hours, with a market capitalization of $20.32 million and a 24-hour trading volume of $1.1 million.

On-chain data shows that a suspected whale address associated with ai16z and ARC started accumulating 2.4 million GEN at the beginning of this week and made multiple additional purchases today, bringing their total holdings to millions of tokens.

BlockBeats reminds users that Meme coins often lack practical use cases, experience significant price volatility, and investment should be approached with caution.