Meme market splits as AI jumps over 50% to a record and Solana’s FONE posts $80 million in volume

News Editor

2026-08-28 03:08:13

Meme trading showed a split on Aug. 28, according to market data cited by BlockBeats from GMGN. On Robinhood Chain, earlier leaders began to pull back from elevated levels, but the report said capital had not clearly left the chain and was still rotating into new names. CASHCAT fell about 12.1% over 24 hours to roughly $0.203, with market capitalization near $204 million and trading volume around $34.1 million. PONS also retreated, down about 8.6% to roughly $0.112, with market capitalization near $114 million and 24-hour volume of about $15.7 million. At the same time, Artificial Inu (AI) kept climbing and briefly reached a record market capitalization of $95.7 million. The token was last quoted near $0.0878, with market capitalization around $87.17 million, up about 50.4% over 24 hours on volume of roughly $15.5 million. On Solana, FONE, short for apeonfone, emerged as a new focus. The token traded near $0.0222, carried market capitalization around $22.1 million, and had surged about 692% in 24 hours, with turnover reaching about $80 million.

BlockBeats reported on Aug. 28, citing GMGN market data, that the meme coin market moved into a split phase during the day. Earlier leaders on Robinhood Chain started to retreat from high levels, but capital had not shown a clear exit and was still looking for the next rotation trade within the chain.

Artificial Inu (AI) pushed to a fresh record, while FONE on Solana emerged as a new hotspot. Short-term trading remained centered on highly volatile meme names.

Earlier Robinhood Chain leaders pulled back

CASHCAT gave back ground after setting a new local high. The token was last quoted at about $0.203, with market capitalization near $204 million. Its all-time peak market capitalization was about $257 million. It was down about 12.1% over 24 hours, with trading volume of roughly $34.1 million.

PONS also retreated from elevated levels. It was last quoted at about $0.112, with market capitalization near $114 million. Its record market capitalization was about $149 million. The token was down about 8.6% over 24 hours, while 24-hour trading volume came in at about $15.7 million.

AI extended gains and set a record

At the same time, Artificial Inu (AI) continued to strengthen and at one point reached a record market capitalization of $95.7 million. The meme token was last quoted at about $0.0878, with market capitalization around $87.17 million. It was up about 50.4% over 24 hours, and 24-hour trading volume was roughly $15.5 million.

BlockBeats said AI’s core narrative combines AI with the Inu dog theme, making it one of the stronger rotation targets on Robinhood Chain in recent trading.

Solana attention shifted to FONE

On Solana, the new focal point was FONE. The meme token was last quoted at about $0.0222, with market capitalization near $22.1 million. Its peak market capitalization reached about $32.2 million. Over 24 hours, it rose about 692%, while trading volume hit roughly $80 million.

FONE, fully named apeonfone, is described in the source report as a newly emerged phone-themed meme token on Solana. The report said the token quickly drew short-term capital on the back of a new-token narrative and very high turnover.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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