SCAM, a Solana-based meme coin tied to the Elon Musk 'Scam Altman' narrative, was first reported at a $10.14 million market capitalization after rising more than 290x in one day and later briefly exceeded $15 million. On-chain trading data highlighted outsized gains by early buyers: trader CryptoD bought 13.1 million SCAM with about 20 SOL within two minutes of listing and at one point posted an 8,220% return, with remaining holdings showing about $67,000 in unrealized profit. Separately, another wallet bought 10.46 million SCAM for 1.7 SOL, or $141.5, within 90 seconds of deployment, then sold 55.5% of its holdings over the next 10 hours at an average price of $0.00453 to realize $26,000 in profit while still holding unrealized gains of about $51,400. The episode illustrates how social-media-driven meme coin narratives can rapidly influence prices and create extreme volatility and risk.