Solana Meme Coin fone's Market Cap Briefly Exceeds $4M, Surges Over 97x in a Day
Odaily News: According to GMGN market data, the market cap of Solana ecosystem Meme coin fone briefly exceeded $4 million, now reporting approximately $3.9 million, with a daily increase of over 97 times.
In terms of narrative, fone revolves around the "apeonfone" concept, summarizing the trend of Meme coin trading becoming increasingly mobile and social as "an ape on a phone." The project community compares this to the previous cycle's "a dog with a hat" narrative of dogwifhat, emphasizing the trading method where users browse social media, receive calls to action, and directly buy Meme coins via their phones.
Odaily reminds that Meme coin prices are highly volatile, and such community-narrative-driven tokens lack stable fundamental support. Please be aware of trading risks.
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