The market value of the Ethereum Meme coin KABOSU has exceeded 2.5 million US dollars, setting a new record high

According to BlockBeats, on October 5, according to market data, the market value of the Meme coin KABOSU on the Ethereum chain exceeded 2.5 million US dollars, with an increase of 55.67% in the past hour, setting a historical high.

Previously, Ethereum co-founder Vitalik Buterin sold 16.03 billion KABOSU through ParaSwap today and exchanged them for 22,937 ETH (about US$55,600).

BlockBeats reminds users that meme coins have no real use cases and users need to identify them carefully and pay attention to investment risks.