ETH chain ecosystem token FLOOP market cap exceeds $5 million, up over 500% intraday

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

FLOOD is a yield-bearing constant product token built 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. Asset reserves generated from user purchases will be deposited into corresponding Aave v3 markets to earn yield, while transaction fees remain in the pool to increase reserves and influence the token price.

Odaily reminds users that this token experiences significant price volatility, and investors should be aware of the risks.