Solana-based meme token ZACHXBT launched with a market cap exceeding $90 million within two hours, now valued at $72 million with a trading volume of $138 million. The token is named after on-chain detective ZACHXBT, who recovered $20 million following a US government wallet hack. Despite his efforts, ZACHXBT received no reward. A community member issued the token, transferring 50% to ZACHXBT's public wallet. BlockBeats cautions that meme coins often lack practical use and are highly volatile, advising careful investment.

BlockBeats News, January 21st, according to <a href="https://t.me/GMGN_sol_bot?start=i_m4TE56o8" target="_blank">GMGN</a> data, Solana-based Meme token ZACHXBT went live with a market cap surpassing $90 million within 2 hours, currently valued at $72 million, with a trading volume of $138 million. BlockBeats Note: The Meme token's name refers to the on-chain detective ZACHXBT, who helped recover around $20 million after the US government wallet address was hacked on October 25, 2024. ZACHXBT himself, represented by X, did not receive any reward from the US government for this incident. A community user issued the token and transferred 50% to ZACHXBT's public wallet address. BlockBeats reminds users that Meme coins often lack practical use cases, experience significant price volatility, and investment should be exercised with caution.

Solana Meme Token ZACHXBT Surpasses $90 Million Market Cap Shortly After Launch