Swarms, an artificial intelligence proxy protocol that runs on the Solana Network, has announced a governance announcement that proposes a swarm token acquisition and burning mechanism. It was said that under the planned mechanism, buybacks will be carried out quarterly.
Following the announcement, market data responded immediately. Swarms’ market capitalization soon exceeded $26 million, currently at $23 million, according to data from GMGN. Token prices have risen 11.5% over the last 24 hours.
Currently, Swarms is trading at $0.02316 and its market capitalization is located at a market capitalization of 866, but it is down 96.3% from the all-time high of $0.6145, which reached January 7, 2025.
Experts warn investors should be careful as most meme coins have no real use and experience high price fluctuations.
The $22 million low market capitalization token is traded on Binance Alpha but is not listed in the spot market for cryptocurrency exchanges.
*This is not investment advice.
