Solana Memecoin Billy Surges Past $100M Market Cap, Becomes Second Largest Pump.fun Token

Solana memecoin Billy (BILLY) has soared previous a $100 million market cap, turning into the second-largest token launched on Pump.enjoyable.

Shortly after the launch of Billy, the unique developer bought all their tokens inside 20 minutes, netting $1,116. The group rapidly took management of the venture, managing its social media accounts and Telegram group after the developer vanished. Had the developer held all their tokens, immediately that quantity of BILLY can be price practically $6 million.

Over the previous week, Billy’s market cap fluctuated between $60 million and $72 million. Nevertheless, the meme coin skilled a outstanding 97% improve on Monday and Tuesday, pushing its market cap to $117 million. Billy is now the second-largest token on Pump.enjoyable, trailing solely Michi, which boasts a market cap of $130 million.

The explanations behind Billy’s sudden worth soar stay unclear. The venture’s Twitter account has been lively, constantly posting memes. One notable increase got here from pseudonymous content material creator Jonzzy, whose Billy meme reached a considerable viewers on social media.

Lately, Billy’s DEX Screener web page was focused by attackers who altered the banner photograph to characteristic one other meme coin’s canine. The group swiftly reclaimed the web page, restoring Billy to prominence. This incident is a part of a recognized DEX Screener exploit, permitting malicious actors to carry out a group takeover (CTO) of a venture.

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