According to BlockBeats, the Ethereum-based meme coin Cheeseball the Wizard (CHEESEBALL) has experienced a significant price increase over the past 24 hours. The coin's value surged by 62%, bringing its market capitalization to $3.03 million. Currently, the price of CHEESEBALL stands at $0.00303, with a 24-hour trading volume reaching $1.55 million.

BlockBeats notes that meme coins are known for their high volatility and lack of intrinsic value. Investors are advised to exercise caution when participating in such markets.