Solana Ecosystem Meme Coin Omochi Reaches $8 Million Market Cap in 11 Hours

According to BlockBeats, on September 26, the Solana ecosystem meme coin omochi achieved a market capitalization of $8 million within 11 hours of its launch. The trading volume for omochi reached $22.58 million during this period. Community information reveals that omochi is based on a popular frog character from TikTok, which has garnered 426,800 followers on the platform. Several short videos featuring this character have amassed millions of views. BlockBeats advises users that meme coins currently lack practical use cases and are subject to significant price volatility. Investors are urged to exercise caution.