Meme coin RAYCAT's market cap surpasses $15 million, hitting an all-time high.

According to GMGN data, the market capitalization of Solana-based meme coin Raydium Cat (RAYCAT) has exceeded $15 million, hitting an all-time high. The token is currently trading at $14.5 million, with a 24-hour gain of 350% and a trading volume of $3.4 million over the same period. Just dozens of minutes ago, the official Fomo platform announced that Raycat has been listed and verified on its platform. RAYCAT launched on the StonkFun platform, directly paired with RAY. Each transaction incurs a 3% tax, which is proportionally distributed as RAY rewards to all holders. Additionally, StonkFun’s ecosystem flywheel continues to use platform revenue to repurchase and burn the token. In short, holding RAYCAT automatically grants holders RAY, the native token of Raydium. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and caution is required for investments.