Meme coin 'Wotama' has defied the broader market downturn, rising 32% since 11 PM last night. The Binance Smart Chain-based token currently holds a market capitalization of $45 million, with its price hovering around $0.045. Despite the surge, meme coins like 'Wotama' are known for their volatility and reliance on market sentiment, lacking intrinsic value or practical use cases. Investors are advised to exercise caution due to the inherent risks associated with such assets.