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Solana-based Token V2EX Market Cap Surpasses $20 Million, Reaching an All-Time High
BlockBeats News, August 8, according to GMGN data, the on-chain token V2EX on Solana has surpassed a $20 million market cap, reaching a new all-time high, currently valued at $21.6 million with a 24-hour trading volume of $430,000.
BlockBeats previously reported that on July 8, Livid, the founder of the Chinese programmer community V2EX, stated that the $V2EX token would have further interactions with the V2ex community. Currently, around 75% of the total supply is held, and it has not been sold. The current circulating supply in the market accounts for about 25% of the total supply. The token was created 9 months ago to explore the product Pump.fun. The reason for the token's graduation (moving to an external exchange) was to add Solana wallet login functionality to the V2EX website to meet the demand for viewing on-chain addresses, inadvertently causing the internal exchange to be filled up and moved to an external exchange.
Livid stated that Solana-logged-in or bonded users can use stablecoins or $V2EX tokens for tipping between users, or some advanced features may require holding $V2EX tokens.
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