Data: BAGS ecological token RALPH briefly dropped over 80%, with a current market value of 9.9 million USD

According to GMGN monitoring, the popular Meme coin RALPH in the BAGS ecosystem reached a high of $59 million today, but has dropped over 80% in the past 2 hours, with a current market cap of $9.9 million.

ChainCatcher reminds users that Meme coin trading is highly volatile, largely relying on market sentiment and speculative concepts, with no actual value or use case. Investors should be aware of the risks.