WUKONG Meme Coin Surges Over 9500% Following Elon Musk's AI Image Release

According to BlockBeats, on September 7, market data revealed a significant surge in the price of the Ethereum-based meme coin WUKONG. The coin's value skyrocketed by over 9500% within four hours, reaching a current price of $0.0026608. This dramatic increase is believed to be influenced by Elon Musk's release of an AI-generated facial portrait related to the game 'Black Myth: Wukong.' The market capitalization of WUKONG now stands at $2.7 million, with a 24-hour trading volume of $4 million. WUKONG initially launched on August 27, briefly hitting a high of $0.000825 before experiencing a sharp decline, nearly reaching zero in value for an extended period. The recent surge marks a significant turnaround for the meme coin, which had previously shown little to no value. BlockBeats notes that meme coins are highly volatile and generally lack intrinsic value, urging users to exercise caution when participating in such investments.