COPE Meme Coin Skyrockets 489% in 24 Hours

The Solana-based meme coin COPE experienced a dramatic price surge, reaching a market cap exceeding $17 million within just 24 hours. This remarkable increase of 489% has fueled speculation about the drivers behind the sudden volatility. While official statements from COPE’s developers remain scarce, trading metrics and on-chain data indicate that speculative trading may be behind this price boom. The impact of COPE’s surge extends beyond the meme coin itself, with notable shifts in the broader crypto market. Leading assets like Bitcoin (BTC) and Ethereum (ETH) witnessed outflows, while Solana (SOL) saw inflows, suggesting a shift towards riskier investments.