GMGN Data reveals that the ERC-20z token deployed by ZachXBT on the Base network had a market value of over US$14 million before falling back to US$7.94 million. The token’s current quotation is US$2,250.74, and its 24-hour trading volume reached US$1.08 million. ZachXBT posted on social media that the token was created using the Zora protocol and a liquidity pool was automatically generated.
The token’s price remained below US$10,000 for two weeks before gaining attention, with most of the liquidity pool controlled by the DAO multi-signature wallet. Supporters of ZachXBT have formed a community around the token, creating memes, Telegram groups, and Twitter accounts, and even bridging the token to the Solana network for trading.
