[Market News] According to market data on October 5, the market value of the Meme coin KABOSU on the Ethereum chain exceeded 2.5 million US dollars, and the increase in the past hour reached 55.67%, setting a record high. It is worth noting that Ethereum co-founder Vitalik Buterin sold 16.03 billion KABOSU through ParaSwap today, which was exchanged for 22.937 ETH (about 55,600 US dollars). Despite the strong market performance, BlockBeats reminds users that Meme coins have no practical use cases and investment should be cautious.