The post Meme Coin “1” Peaks at $17 Million Market Cap Amid Hype appeared on BitcoinEthereumNews.com.

Key Points: Meme coin “1” market peak, surge linked to Musk, risk advised. Meme coin reached a $17 million market value. No long-term value; speculative rise in market trend. On January 18, the BSC chain meme coin “1” briefly reached a market cap high of $17 million after Elon Musk retweeted its narrative article, triggering market interest. The spike highlights the speculative nature and volatility of meme coins, reflecting investor sentiment driven by social media influence rather than intrinsic value. Musk’s Influence Sparks $17 Million Meme Coin Surge Meme coin “1” saw a major rise in value after a brief endorsement via Musk’s retweet. Despite surpassing the $17 million cap, these gains were short-lived as the value later settled at $15.53 million. The coin’s swift climb is linked to an article, sparking heightened speculative interest among investors. While the surge suggested renewed interest, its price fluctuation reveals the volatility tied to meme-based tokens. Market observers remain wary, addressing concerns over the lack of tangible use cases for such coins. With more than 5,700 holder addresses, the speculative trend echoes previous meme coin behavior linked to social media influence. Coincu research suggests that while meme coins like “1” indicate rapid, speculative investment interest, they lack regulatory groundwork, and “Unfortunately, there are no identifiable named individuals, leaders, or KOLs who have provided quotes or statements regarding the BSC chain meme coin ‘1.’” This speculative surge relies heavily on social media influence without offering substantial technological innovation. Market Volatility Reinforced by High-Profile Endorsements Did you know? The connection between influential figures like Elon Musk and meme coins has previously driven significant market volatility, echoing scenarios observed with Dogecoin in past years. BNB, trading at $924.55, sees a market cap of $126.07 billion, according to CoinMarketCap. With a 24-hour volume of $2.94 billion, the…

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Filed under: News - @ January 20, 2026 12:25 am