Solana meme coins surge as STONK, MANLET and ALON post sharp gains

Speculative trading in Solana meme coins accelerated, with GMGN data showing STONK, the platform token of stock-themed meme issuance platform SF, rising more than 60% in 24 hours to a record post-listing market capitalization of $12.38 million. MANLET, described as the first SF-issued meme coin paired with ANSEM, climbed more than 10-fold overnight for a 24-hour gain of 2,214%, reaching a $6.17 million market capitalization with $9.7 million in trading volume. Separately, Solana meme coin ALON jumped more than 670%, briefly pushing its market capitalization above $12 million before easing to about $9.5 million. The moves came as broader Solana meme-coin activity picked up, with rising decentralized exchange volume and liquidity inflows reflecting improved risk appetite as Bitcoin and Ethereum stabilized. Market updates and ChainCatcher warned that the sector remains highly speculative and volatile, and advised traders to assess liquidity, position risk and contract security.

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