BSC Meme Coin UPONLY Market Cap Surges Past $4 Million

According to GMGN data, the BSC-based meme coin UPONLY saw its market cap briefly exceed $4 million, marking a daily gain of over 90x. The token is currently valued at approximately $3.7 million. The concept of UPONLY is derived from a previous idea by CZ regarding a "stock that never falls," which suggests using reserve funds to buy back tokens whenever the price drops by a certain percentage to create a price floor. Investors are advised to exercise caution due to the high volatility and speculative nature of meme coins.