Solana-Based Memecoin ANSEM Surges 160,000% in One Week

SOL0.29%
According to Park Sang-hyuk, editor-in-chief of Digital Assets, Solana-based memecoin ANSEM surged approximately 160,000% in one week as of July 4. The token, launched by crypto influencer Ansem, has drawn growing community attention in July through its token distribution structure and airdrop mechanisms. However, Park noted that about 60% of ANSEM's total supply is concentrated in a single wallet address, making it prone to sharp price swings. Some observers have flagged similarities to Ponzi schemes, cautioning investors to exercise caution.
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