A New Altcoin Surpasses $100 Million Market Cap Just Hours After Launch
A memecoin called PHIL, launched by a wallet linked to Ethereum’s Genesis blockchain, quickly climbed to the top of Uniswap V2’s charts, reaching a market cap of over $125 million shortly after launch.
The token began trading at around 15:15 ET, peaking at $0.10 per token before stabilizing at around $0.08.
PHIL is currently one of the most talked about tokens on Uniswap V2, reflecting the popularity of memecoins, especially with the emergence of cheap memecoin generators like Pump.fun on Solana and SunPump on Tron.