ChainThink News, December 22: According to GMGN monitoring, the Solana-chain Meme coin Snowball continues its rapid ascent, with a 24-hour gain exceeding 500%, peaking at a market cap of $8 million and currently hovering around $7.6 million, with a current price of $0.0076.

Notably, this Meme coin is the first on Solana to automatically allocate 100% of Pump.fun platform creator fees into its own liquidity provision. Since its launch three days ago, discussions on X (formerly Twitter) have remained highly active.

Some bullish analysts argue that its mechanism generates sustainable real demand pressure, driving a "snowball effect" growth pattern, while also aligning with the Christmas theme. Conversely, bearish observers caution that the development wallet still holds accumulated tokens from liquidity provision, posing a potential sell risk; thus, the current surge remains a short-term, high-risk FOMO-driven rally.

ChainThink reminds users that Meme coin trading involves extreme volatility, heavily reliant on market sentiment and speculative hype, with no intrinsic value or practical use case—investors should exercise caution and manage risk accordingly.