Solana-based Meme Coin MITCH Surpasses $37 Million Market Cap, Hits All-Time High

BlockBeats News, September 3rd, according to GMGN data, the on-chain Solana meme coin MITCH has a market value exceeding 37 million US dollars, now reported at 37.2 million US dollars, hitting a historical high, with a trading volume of 26 million US dollars within 4 hours of listing.

Mitch (also known as idrawline) stated in his Telegram channel that he released his personal creator token MITCH on Pump.fun. He mentioned that he had purchased the entire token supply in the pre-sale phase and additionally invested 20,000 US dollars. Currently, all tokens will be held indefinitely in his wallet god.sol and will not be sold, burned, or locked. He also mentioned that in the future, the focus will be on live streaming, gaming, and trading, with random giveaways of funds during each live stream. His main goal is to "have fun."

BlockBeats reminds users that meme coins often lack practical use cases, have significant price volatility, and investing in them requires caution.