ANSEM Memecoin Rallies 19% on Influencer Ansem's Bullish Comments

Solana-based memecoin ANSEM rallied by nearly 19% on Sunday after influencer Ansem made bullish comments, stating he was 'long internet culture' and expecting a bounce back for Solana-linked assets.

Ansem's holdings in ANSEM had declined from $260 million to $97.9 million, resulting in a loss of about $162 million in less than two weeks.

Despite the significant loss, Ansem holds approximately 58% of the total supply and has not sold his tokens.