Solana ecosystem meme coin fone briefly surpassed a $38 million market capitalization and was trading at about $36.90 million, according to GMGN data, with an intraday gain of 700%. The move revises earlier readings in which the token briefly topped $30 million and traded near $23.56 million after a gain of more than 58-fold, following still-earlier levels near $8 million. Its apeonfone narrative frames meme-coin trading as increasingly mobile and social, with users browsing social media, receiving trade calls and buying tokens directly from their phones, a concept the community compares with dogwifhat’s previous-cycle "a dog with a hat" narrative. Meme coins can be highly volatile and may lack stable fundamental support when driven primarily by community narratives.