BlockBeats reported on August 8 that according to GMGN data, the market capitalization of the V2EX token on the Solana chain has surpassed $20 million, reaching a record high of $21.6 million, with a 24-hour trading volume of $430,000.
BlockBeats previously reported that on July 8, Livid, the founder of the Chinese programmer community V2EX, stated that the $V2EX token would later be linked with the V2EX community. Currently, its holding accounts for about 75% of the total supply and has not been sold. The current market circulation is about 25% of the total supply. The token was created 9 months ago for the purpose of experiencing the product Pump.fun, and the reason for the token's graduation (entering the external market) is to add Solana wallet login functionality to the V2EX website, which led to a demand for viewing on-chain addresses, inadvertently filling the internal market before entering the external market.
Livid stated that users who log in or bind with Solana can use stablecoins or $V2EX tokens for tipping, or some premium features require holding $V2EX tokens.
