Solana's new Meme coin FWOG has a transaction volume of $44.7 million in 5 hours since its launch

According to BlockBeats, on July 30, the new Meme coin FWOG on the Solana chain was launched and traded for $44.7 million within 5 hours. FWOG is currently quoted at $0.02208, with an opening increase of 29,768%, and a market value of over $22 million.

BlockBeats reminds users that Meme coins have no real use cases and that investments should be made with caution.