The BSC-based meme coin "An" has reached a market capitalization of $34.7 million following a significant price surge this morning. Initially peaking at $41 million, the coin's current price stands at $0.034. Despite the lack of positive news or community narratives, the surge is speculated to be driven by institutional activity. Analysts caution that meme coins like "An" are subject to high volatility, often influenced by market sentiment and hype rather than intrinsic value or utility. Investors are advised to remain cautious due to the inherent risks associated with such assets.