Solana ecosystem Meme coin fone's market cap briefly exceeded $30 million, up 700% in 24 hours

Odaily News, according to GMGN market data, Solana ecosystem Meme coin fone's market cap briefly surpassed $38 million and is now reported at approximately $36.9 million, with a daily increase of 700%.

In terms of narrative, fone revolves around the "apeonfone" concept, summarizing the current 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 dogwifhat narrative of "a dog with a hat," emphasizing the trading method where users browse social media, receive calls to action, and directly purchase Meme coins through 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.