The memecoin $KACY has surged dramatically, reaching a market cap of $69 million within just 12 hours of launch. This surge is attributed to its association with artist Mark Kacy, who has a significant online presence with 5.5 million followers on TikTok. The token experienced a peak increase of 69,000%, with trading volume hitting $175 million, the highest for the day. Within hours of its introduction, $KACY amassed 20,000 holders, reflecting a strong community interest. Kacy has actively promoted the token, engaging with the crypto community and generating substantial exposure for both himself and the memecoin. Analysts suggest that the token could potentially reach a market cap of $1 billion, given its active creator and rapid community growth.