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

Previously, Ethereum co-founder Vitalik Buterin sold 16.03 billion KABOSU through ParaSwap today and exchanged them for 22.937 ETH (about 55,600 US dollars).

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