Solana ecosystem token STAMP market cap rapidly surpasses $14 million, surging over 160x in a day

Odaily reports that according to GMGN market data, Solana ecosystem token STAMP's market cap briefly surpassed $14 million, currently at approximately $12 million, with an intraday gain of over 160x.

According to the project team, since Zcash has not yet completed the network upgrade to support asset issuance, STAMP attempts to achieve cross-chain asset mapping through NFTs and SPL tokens: users burn SPL tokens to obtain NFTs, and use these NFTs to redeem corresponding assets on Zcash.

Odaily reminds users that this token is subject to significant price volatility and is easily affected by market sentiment and trending events. Please be aware of trading risks.