Solana Chain Meme Coin ELON Surges Over 220x in a Day, Briefly Soars Past $14 Million

According to GMGN data, the Solana-based Meme coin ELON experienced a sharp price increase, with its market capitalization briefly exceeding $14 million. It has since retraced to approximately $13 million, representing a gain of over 220 times within the day.

Odaily reminds users that Meme coins are subject to significant price volatility, and investors should be aware of the risks. Meme coins generally lack substantial real-world utility and are often driven by sentiment and hype; caution is advised when entering the market.