ETH chain ecosystem token FLOOP 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 LO0P briefly surged past $5 million, now reported at $4.09 million, with an intraday increase exceeding 500%.

FLOOD is a yield-bearing constant product token based on Uniswap V4 Hook, with a total token supply of 50 million, 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 enter the corresponding Aave v3 market to generate yield, while transaction fees remain in the pool to increase reserves and influence the token price.

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