Solana-based Meme Coin MITCH Market Cap Surges Past $37 Million, Reaching an All-Time High

BlockBeats News, September 3rd, according to GMGN data, Solana-based Meme coin MITCH has a market capitalization exceeding 37 million US dollars, now standing at 37.2 million US dollars, hitting an all-time high, with a trading volume of 26 million US dollars in the first 4 hours of trading.

Mitch (also known as idrawline) posted on his Telegram personal channel, stating that he launched his personal creator token MITCH on Pump.fun. He mentioned that he had purchased the entire token supply in the pre-sale phase and additionally invested 20,000 US dollars. Currently, all tokens will be held indefinitely in his wallet god.sol and will not be sold, burned, or locked. He also mentioned that he will focus on live streaming, gaming, and trading in the future, and will randomly give away funds during each live broadcast. His main goal is to "have fun."

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