On May 22, Solana ecosystem's meme coin WORLDCUP experienced a notable increase, with its market capitalization reaching a peak of $12 million, according to BlockBeats On-chain Detection. It is currently valued at approximately $10.01 million, maintaining a 24-hour growth of 90%. The on-chain trading volume during the same period reached $8.2 million.
The narrative behind this meme coin is linked to the 2026 FIFA World Cup, which is set to commence on June 11, about 20 days from now. WORLDCUP serves as the primary token for its community, which has also launched meme coins for 48 participating national teams. Half of the transaction fees from these national team tokens are used to buy back the main WORLDCUP token.
Among the 48 national team meme coins, FRANCE currently holds the highest market value at approximately $450,000, with a daily increase of 11%. SPAIN and PORTUGAL follow in market value.
BlockBeats cautions users that meme coin trading is highly volatile, often driven by market sentiment and speculative concepts, lacking intrinsic value or practical use cases. Investors are advised to be aware of the risks involved.