WOJAK Surges 190% on Meme Coin Frenzy

WOJAK, the meme token based on the image of a featureless, mildly despairing face, has seen its price surge by roughly 190% over the last 24 hours.

The current price sits at approximately $0.000000069, with a market capitalization of around $21.5 million and a volume of $13.1 million over the same period.

The token's value is largely driven by social sentiment, with no revenue to model or earnings per share. The image itself predates crypto by years, becoming a fixture of internet culture since 2010.

While some may view this as a pure momentum trade, the volume-to-cap ratio of roughly 61% suggests real buyers are involved. However, this also means that coordinated selling could potentially trigger significant price drops.