The meme coin Franklin has recorded over 9,300 transactions in the past hour, with its market capitalization rebounding to $13 million.

BlockBeats News, December 8, according to GMGN market data, the meme token Franklin recorded 9,310 transactions in the past hour, making it the most actively traded meme coin across the network. In addition, its market capitalization has rebounded above $13 million, currently reported at $13.17 million, with a 24-hour trading volume reaching $19.8 million.

The Franklin token icon features Franklin the turtle, the main character from the classic children's animation "Franklin and Friends." A political satire meme posted by Pete Hegseth, the former Secretary of War under the Trump administration, quickly went viral on X. He spoofed the classic children's book "Franklin the Turtle" as "Franklin Fights the Drug Lords," depicting the little turtle fully armed, firing at drug cartel boats from a helicopter, accompanied by the caption "Best Christmas Gift." As a veteran and staunch hardliner, Hegseth used this to imply a stance of using force against drug cartels, aligning with his long-standing narrative on border security. The post instantly went viral on social media, while opponents fiercely criticized it in the comments, calling it "offensive" and "warmongering," reflecting the long-standing partisan divide in the United States on foreign and border issues.

BlockBeats reminds users that most meme coins have no real use cases and their prices are highly volatile. Please invest with caution.