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BAGS Ecosystem Meme Token NPM Launches Hotly, Market Cap Reaches $6.9 Million in 4 Hours
【Blockchain Rhythm】The Meme token NPM of the BAGS ecosystem has recently gained some popularity. Since its launch, in less than 4 hours, its market cap has surged to a high of $6.9 million, now stabilizing around $5.4 million, with a trading volume reaching $6.4 million.
The story behind this project is quite interesting—NPM’s name is a tribute to Isaac Z. Schlueter, the founder of NPM, the world’s largest package manager. This guy has a prominent reputation in the developer community and is regarded as a “V God” figure. The project team uses this meme to attract the attention of developers and crypto enthusiasts.
However, to be honest, Meme coins inherently have plenty of stories, but what they lack is practical application. These tokens are highly volatile—doubling in value within an hour, only to drop sharply the next. Interested friends should be cautious and not let the hype cloud their judgment.