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SOL meme coin unc jumps more than 180% in a day, GMGN data shows

According to GMGN data cited by BlockBeats, the Solana-based meme coin briefly surpassed a $21 million market cap and posted a 24-hour gain of 200% as trading volume hit $15.3 million on April 16.

SOL

Summary

According to GMGN data cited by BlockBeats, Solana ecosystem meme coin unc briefly exceeded a $21 million market capitalization, up from an earlier reported peak above $15 million. The token posted a 24-hour gain of 200%, and its trading volume reached $15.3 million on April 16, making it the highest-volume token on Solana that day.

Terms & Concepts
  • Meme coin: A cryptocurrency driven largely by internet culture, community attention, and speculative trading rather than core utility.
  • Solana: A blockchain network designed for high-speed transactions and low fees, often used for token launches and trading activity.
  • Market capitalization: The total value of a token in circulation, typically calculated by multiplying price by circulating supply.