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

Odaily Planet Daily News, according to GMGN data, the market cap of the ETH chain ecosystem token FLOOP briefly surged past $5 million, currently reported at $4.09 million, with intraday gains exceeding 500%.

FLOOD is a yield-generating constant product token based on Uniswap V4 Hook, with a total supply of 50 million tokens. All tokens were deployed at genesis into three single-sided liquidity pools: FLOOD/WETH, FLOOD/USDC, and FLOOD/USDT. There is no team allocation, treasury, or airdrop. Asset reserves generated from user purchases will be deposited into the corresponding Aave v3 markets to earn yield, while transaction fees remain in the pool to increase reserves and influence token price.

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