According to GMGN data, Solana-based meme coin BATON briefly pushed its market capitalization above $18 million during early trading, marking a new all-time high. The token was up 86.8% over the past 24 hours and was later quoted at a $12.3 million market cap. BATON is described as a community meme coin built around the narrative tied to Baton Corporation, the company behind Pump.fun, and its early project Baton Finance. Its paired token is PUMP, the platform token of Pump.fun. The report also noted that BATON only borrows that narrative and has no official connection to Pump.fun. Odaily added a risk reminder, saying meme coins can see sharp price swings and that investors should participate with caution.
According to GMGN data, Solana-based meme coin BATON briefly saw its market capitalization rise above $18 million in early trading, setting a new all-time high. The token posted a 24-hour gain of 86.8% and was later quoted at a $12.3 million market cap.
BATON is described as a community meme coin derived from the narrative around Baton Corporation, the company behind Pump.fun, and its early project Baton Finance. Its paired token is PUMP, the Pump.fun platform token. The token is only using that narrative and has no official affiliation with Pump.fun.
Odaily warned that meme coins are highly volatile and said investors should participate with caution.
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