Solana meme coin (speculative token driven by online communities) TOAD briefly pushed its market capitalization above $24.5 million before pulling back to about $22.16 million, while still posting intraday gains of more than 100%, based on GMGN data. Odaily said the move underscored the sharp volatility common in meme-coin trading and warned traders to watch liquidity and position risk because rapid rallies can quickly turn into equally fast pullbacks.