Solana-based meme coin e/acc has surpassed a $29 million market cap and hit $55.5 million in trading volume just 9 hours after its launch.

According to GMGN market data, the Solana-based meme coin e/acc hit a market cap of $29 million and a trading volume of $55.5 million just 9 hours after its launch. The token uses UsePaid, a tool for automatic creator fee distribution, to pay generated creator fees to Silicon Valley influencer Beff Jezos (@beffjezos) on X. The real identity behind the account is widely believed to be Guillaume Verdon, a former Google X quantum computing and quantum machine learning engineer who later founded AI hardware firm Extropic. Verdon is more famous for his e/acc (effective accelerationism) slogan than his personal profile: the ideology of pushing AI, energy, and growth to their limits through technology and capital. After the e/acc meme coin launched today, Verdon initially claimed the X Money account was under DDoS attack, but later clarified that the funds would likely be used for e/acc-related non-profit activities. Notably, Verdon has no official issuance connection to the token; he is merely named and receives funds passively. BlockBeats reminds users that most meme coins lack real use cases, exhibit extreme price volatility, and caution is required for investments.