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-themed meme coin GEN has surged 58.73% in the past 24 hours, with its market capitalization currently at $20.32 million and a 24-hour trading volume of $1.1 million.

On-chain data shows that a whale address suspected to be linked to ai16z and ARC accumulated 2.4 million GEN earlier this week and has made several additional purchases today, bringing its total holdings to several million GEN.

BlockBeats reminds users that most meme coins lack real-world use cases and are highly volatile, so investors should exercise caution