FLORK, a meme coin on Ethereum, briefly reached a new high with a market capitalization of $12.14 million and rose more than 100% over the day, according to Odaily citing GMGN (crypto market tracking platform) data. The move highlights the fast price swings common in meme coins, a category of tokens often driven by social momentum and short-term trading rather than established fundamentals. The report also cautioned investors that meme coin trading can be highly volatile.