Solana Meme Coin MAGA Hits $9.96 Million Market Cap After Trump Remarks

GMGN data showed the Solana-based meme coin surged 350% in 24 hours to a peak $9.96 million valuation, as trading activity accelerated alongside renewed UFO and alien-life narratives after Trump’s April 17 remarks.

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Summary

MAGA, a Solana-based meme coin, rose to a $9.96 million market capitalization after gaining 350% over 24 hours, according to GMGN data. The same data showed its current market cap at about $9.1 million, with roughly $2.6 million in trading volume. The move followed increased attention to UFO and alien-life narratives after Trump’s April 17 remarks, extending the token’s sharp rally from earlier levels reported below $7.4 million.

Terms & Concepts
  • Market cap: The total value of a token’s circulating supply, calculated by multiplying price by the number of tokens in circulation.
  • Meme coin: A cryptocurrency driven largely by internet culture, community attention, and speculative trading rather than underlying utility.
  • Solana: A blockchain network designed for fast transactions and lower fees, often used for token launches and on-chain trading.