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Elon Musk responds to Base ecosystem meme coin Russell's activity, which surged threefold in a short period before pulling back.
BlockBeats News, December 19 — Elon Musk responded with a “爆火” (explosive) emoji to a meme coin Russell post on the X platform during midday today. The coin surged threefold in a short period before pulling back. According to GMGN data, Russell’s market cap is now reported at $9.4 million, with a 24-hour trading volume of $5.5 million. BlockBeats reminds users that meme coin trading is highly volatile, heavily dependent on market sentiment and hype around concepts, and lacks intrinsic value or practical use cases. Investors should be cautious of risks.