According to BlockBeats, the meme coin binancedog, which was launched this morning on the BNB Chain ecosystem's meme issuance platform Four.Meme, has seen its market value soar to nearly $10 million. The current price of binancedog stands at $0.007781, marking an increase of over 100 times from its opening price.

Currently, more than 40 meme coins initially launched on the Four.Meme platform have added liquidity on PancakeSwap. BlockBeats advises users to exercise caution when investing in meme coins, as they lack practical use cases and are subject to significant price volatility.