On July 8, the V2EX token on the Solana blockchain achieved a notable milestone, with its market capitalization briefly surpassing $6.6 million, according to GMGN data. Currently, the token’s market cap stands at approximately $6.1 million, supported by a robust 24-hour trading volume of $6.2 million. This surge reflects growing investor interest and liquidity in the token’s ecosystem.
Livid, the founder of the Chinese developer community V2EX, revealed to COINOTAG that the $V2EX token remains closely integrated with the community, with his holdings representing around 75% of the total supply. Importantly, Livid has not liquidated any tokens, while the circulating supply accounts for roughly 25%, ensuring controlled market dynamics since its launch nine months ago.
The token’s recent market expansion aligns with the addition of Solana wallet login functionality on the V2EX website, enabling users to connect on-chain addresses seamlessly. This integration facilitates tipping via stablecoins or $V2EX tokens, with certain premium features requiring token ownership, thereby enhancing user engagement and utility within the platform.