Ethereum-Based Meme Coin ZC Surges Over 21x, Market Cap Hits $14 Million

The Ethereum-based meme coin ZC (zipcoin) saw its market cap briefly exceed $14 million, marking a 21x increase within the day before settling at approximately $10.07 million. The token is inspired by Vitalik Buterin's 32-chapter novel 'Snowmoon,' which features a fictional nation using zipcoin as a currency with unique mechanisms like anonymous payments and token burning.