Data: The market cap of Base ecosystem token FAI has surpassed $40 million, with a 24-hour increase of 54%.

ChainCatcher News, according to market sources, the market cap of Base ecosystem token FAI surged rapidly from approximately $32 million to $46 million this morning, continuing its recent upward trend. The market cap has since retreated to $42 million, with a 24-hour increase of 54% and trading volume reaching $3.1 million during the same period.

FAI is the native token of the Freysa AI project, deployed on the Base chain. Last year, its market cap soared significantly due to a retweet by Musk, reaching a peak of $660 million. ChainCatcher reminds users that Meme coin trading is highly volatile, largely driven by market sentiment and speculative concepts, with no actual value or use case. Investors should be aware of the risks.