Meme coin BP, based on the Solana blockchain, experienced a dramatic increase in market capitalization, briefly reaching $14 million. This surge was fueled by social media activity linked to Kevin Gill, brother of renowned investor Keith Gill. Kevin's Instagram post about his dog "Puppy" and a new account associated with Keith Gill, Barking Puppy, contributed to the FOMO-driven price spike.
The coin's price saw a 702% increase in 24 hours, with the market cap peaking at $10 million before stabilizing. The community speculates that the timing of these events was orchestrated to boost interest. Despite the excitement, BlockBeats cautions investors about the inherent volatility and speculative nature of meme coins.
Meme Coin BP Surges to $14M Market Cap Amid Social Media Buzz
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