– Ibiza Final Boss, a Solana-based meme token, hit a $10M market cap driven by social media hype.
– Jack Kay, linked to the project, hasn’t confirmed his involvement, leaving leadership unverified.
– Its 24-hour trading volume dropped 75.3% to $4.2M, reflecting typical meme token volatility.
– Social media-driven growth highlights risks in unverified projects lacking transparency and governance.
– Regulatory scrutiny and market caution are advised for similar speculative assets.