A wallet linked to Ethereum's Genesis block, which was initially funded with 2,000 ETH by an entity labeled Genesis on July 30, 2015, the day Ethereum launched, has released a memecoin called PHIL. This token rapidly hit a peak market cap of over $125 million before settling at around $84 million. Trading on Uniswap V2, PHIL reached a high of $0.10 before dropping to $0.08. The wallet, now the token's owner on DEX Screener, has moved nearly all its ETH into PHIL and other memecoins. PHIL's trading volume has surged 86,000%, making it the top-traded asset on Uniswap with over 1,000 unique holders. Source: The Block