BSC Meme coin UPONLY briefly surpasses $4 million in market cap, surging over 90x intraday

Odaily reports that according to GMGN data, the BSC on-chain Meme coin UPONLY briefly surpassed $4 million in market cap, with an intraday gain of over 90x, currently trading at approximately $3.7 million.

According to community information, the UPONLY concept originated from CZ's earlier idea of a "stock that never goes down," where reserve funds are used to buy back the token whenever the price drops by a certain percentage, creating a price support mechanism.

Odaily reminds users that Meme coin prices are highly volatile, relying largely on market sentiment and concept hype with no actual value backing. Investors should be mindful of asset safety and participate with caution.