Meme coin MarsCoin surged over 400 times before plunging more than 90%, with its current market cap standing at $3.3 million.

According to GMGN market data, the BSC-based Meme coin MarsCoin (contract address starts with 0x1706) experienced a rollercoaster intraday price swing. Late yesterday, its market cap surged past $36 million, hitting an all-time high, with a single-day rally of over 400x. The market cap then crashed to $3.3 million, a drop of more than 90% from its peak, leaving only $240,000 in its liquidity pool. A wallet address linked to CZ showed unusual activity yesterday afternoon, burning 4,444 MarsCoin tokens. Last night, CZ announced he will deactivate his public wallet address to prevent his actions from being overinterpreted by the community, and will donate BNB and "Binance Life" to Giggle Academy. BlockBeats reminds users that most Meme coins lack real use cases, are highly volatile, and require cautious investment.