fone surged nearly 40% in the past 24 hours, with its market cap briefly surpassing $8.5 million

According to GMGN market data, the market cap of Solana ecosystem meme coin fone briefly surpassed $8.5 million, now standing at approximately $8.2 million, with a 24H gain of 38.4%.

In terms of narrative, fone revolves around the concept of "apeonfone," summarizing the increasingly mobile and social trend of meme coin trading this cycle as "an ape on a phone." The project community likens it to the "a dog with a hat" narrative of dogwifhat from the previous cycle, emphasizing a trading approach where users browse social media on their phones, receive buy calls, and directly purchase meme coins.

Odaily reminds readers that meme coin prices are highly volatile, and such community narrative-driven tokens lack stable fundamental support. Please be aware of trading risks.