Solana Blockchain Token V2EX Market Cap Surges Temporarily to Over $6.6 Million, Setting a New All-Time High

On July 8th, according to data from GMGN, the on-chain token V2EX on Solana briefly reached a market capitalization of over $6.6 million, setting a new all-time high. Currently, it is trading at $6.1 million with a 24-hour trading volume of $6.2 million. BlockBeats previously reported that Livid, the founder of the Chinese programmer community V2EX, told Rhythm BlockBeats that the $V2EX token will have future interactions with the V2ex community. Currently, about 75% of the total supply is held and has not been sold. The current circulating supply in the market is about 25% of the total supply. The token was created 9 months ago to experience the product Pump.fun. The reason for the token graduating today (entering the external market) is to add Solana wallet login functionality to the V2EX website due to the need to view on-chain addresses, which inadvertently filled the internal market and entered the external market. Livid stated that users who log in to Solana or bind their wallets can use stablecoins or $V2EX tokens for tipping between users or for some advanced features that require holding $V2EX tokens.