The BSC-based meme coin 'memes' has achieved a market capitalization of $13 million, marking a 300% increase in the past hour. This rapid growth is accompanied by a 24-hour trading volume of $14.7 million, according to GMGN Market data. Meme coins are known for their high volatility and reliance on market sentiment, often lacking intrinsic value or practical use cases, posing significant risks to investors.