According to GMGN data, Solana-based meme coin baton briefly pushed its market capitalization above $10 million before pulling back to $7.9 million. The token posted a gain of more than 470% over the past 24 hours. BATON is described as a community meme coin derived from the historical narrative around Baton Corporation, the company behind Pump.fun, and its early project Baton Finance. The token only borrows that narrative and is not affiliated with Pump.fun officially. Odaily said meme coins can see sharp price swings and reminded investors to take part with caution.
Solana-based meme coin baton briefly rose above a $10 million market capitalization, according to GMGN data. The token was up more than 470% over the past 24 hours and was last quoted at $7.9 million in market cap.
BATON is described as a community meme coin derived from the historical narrative around Baton Corporation, the company behind Pump.fun, and its early project Baton Finance. It only borrows that narrative and has no official connection with Pump.fun.
Odaily warned that meme coins are highly volatile and said investors should participate with caution.
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