ETH chain ecosystem token FLOOP’s market cap breaks $5 million, surging over 500% intraday

Odaily reported, according to GMGN data, the market cap of ETH chain ecosystem token LO0P briefly surged past $5 million, currently reported at $4.09 million, with an intraday gain of over 500%.

FLOOD is a yield-bearing constant product token based on the Uniswap V4 Hook, with a total supply of 50 million tokens, all deployed at genesis into three single-sided liquidity pools: FLOOD/WETH, FLOOD/USDC, and FLOOD/USDT. There is no team allocation, treasury, or airdrop. The asset reserves generated from user purchases will be deposited into corresponding Aave v3 markets to generate yield, while trading fees are retained within the pool to increase reserves and influence the token price.

Odaily reminds users that this token is highly volatile, and investors should be aware of the risks.