
GMGN data shows Solana meme tokens, including GAS, have posted extreme single-day gains surpassing $30M market cap before sharp pullbacks, with Odaily warning of significant volatility risks.
Solana ecosystem meme token GAS surged over 370% intraday, briefly exceeding $30 million in market capitalization before retreating to about $33 million. This marks a significant escalation from prior reported levels, with earlier spikes surpassing $16 million. Similar rallies have occurred in other Solana-based meme tokens like Buttcoin, Sol The Trophy Tomato, RALPH, 114514, and WhaleGuru. Odaily cautioned investors about the high volatility and speculative nature of meme coin markets.