Lookonchain APP

App Store

Meme Coin GAS Market Cap Skyrockets to $37.95 Million in a Short Period, Reaching an All-Time High

2026.01.16 14:11:27

January 16th — Per GMGN data (via https://t.me/gmgnaibot?start=i_m4TE56o8), Solana ecosystem meme coin GAS briefly hit a new all-time high with a market cap of $37.95 million. It has since retreated to $32.8 million, posting a 390% 24-hour gain. The meme coin draws inspiration from Gas Town, a tool proposed by Steve Yegge (a former senior engineer at Google and Amazon). Yegge released Gas Town on January 1, 2026: an open-source multi-agent workspace manager built to coordinate and orchestrate AI coding agents like Claude Code and Gemini. It enables developers to run 20–30 (or more) AI agents concurrently on complex projects without losing context, creating merge conflicts, or causing task chaos. BlockBeats reminds users that most meme coins lack practical utility and see extreme price volatility. Prioritize asset protection and avoid FOMO (Fear of Missing Out).
Relevant content

Bitget has launched the U-based SLX perpetual contract, supporting up to 20x leverage.

On June 1, Bitget made an official announcement that it has launched its U-based SLX perpetual contract, which supports up to 20x leverage. A matching contract trading bot is also available simultaneously. For more details, visit Bitget’s official platform.

3 minutes ago

Binance Adds US Stock Trading News, BNB Surges Over 5% Briefly

June 1 — Market data shows that following a report by *Fortune* on Binance’s upcoming addition of U.S. stock trading, BNB (Binance’s native cryptocurrency) posted a brief surge of over 5%, and is now trading at $722. For full details, refer to the article: "Binance Confirms Addition of U.S. Stock Trading, Minimum Investment Threshold of Only $5; Supports Purchases via Stablecoins and BNB" [Link: https://www.theblockbeats.info/flash/348800]

3 minutes ago

BiyaPay has launched the OPENAIUSDT Pre-IPO Perpetual Contract trading pair

June 1 Per an official announcement, BiyaPay has launched the OPENAIUSDT Pre-IPO perpetual contract trading pair, which uses OpenAI Group PBC (ticker: OPENAI) as its underlying asset. The estimated share count for this contract is roughly 1 billion. This Pre-IPO perpetual contract will convert to a standard TradFi perpetual contract immediately on the day of OpenAI’s official IPO. For full details, visit BiyaPay’s official platform.

3 minutes ago

Binance Adds Stock Trading, Plans to Launch Tokenized Stocks

On June 1, according to Fortune, Binance is advancing its "Super App" strategy by adding U.S. stock trading and planning to launch tokenized stocks.

3 minutes ago

Micron Technology Extends Pre-market Gain by 5.2%, Two Whales Open $1 Million Long Positions in Afternoon

According to Hyperinsight monitoring on June 1st, U.S. storage concept stocks rallied collectively during pre-market trading. Micron Technology (MU) surged over 5.2% in pre-market hours, with MU trading at $1,020 on the Hyperliquid platform. Compared to 24 hours ago, its trading volume rose by 23% to $68 million, while open interest dipped slightly to $170 million. With the price jumping above the $1,000 mark, two whale accounts on Hyperliquid opened million-dollar long positions on MU in the afternoon. The entry price for these positions is around $1,005, and their liquidation prices stand at roughly $845. Both long positions are currently showing unrealized gains. The relevant wallet addresses are: 0x519c721de735f7c9e6146d167852e60d60496a47 and 0x7a833ef6cc97e6c027d5fed9965fdad5ef84d889.

3 minutes ago

CoinShares: Digital Asset Funds See $1.67 Billion Outflows in a Single Week, Marking the Second Largest Outflow of the Year

June 1 update: CoinShares’ latest weekly report shows global digital asset investment products posted a net outflow of $1.67 billion last week—marking the third straight week of capital outflows. This is also the second-largest weekly outflow since 2026, trailing only the week of January 23. Cumulative net outflows over the past three weeks now total $4.21 billion, meaning risk-off sentiment fueled by Middle East tensions has outweighed the positive impact from the U.S. CLARITY Act regulatory developments. Breaking down the outflows: Bitcoin investment products alone saw a net outflow of $1.438 billion—this year’s largest single-week outflow on record. Ethereum investment products posted a net outflow of $257 million. The ongoing fund exodus drove global digital asset assets under management (AuM) down from $148 billion the prior week to $141 billion, hitting its lowest level since early April. The U.S. market led the withdrawals, accounting for $1.63 billion of the total net outflows

3 minutes ago