BATON, a meme token in the Solana ecosystem, briefly pushed its market capitalization above $20 million on Oct. 12, according to GMGN market data, marking a new all-time high. The token was later quoted at $18.22 million in market cap, with a 24-hour gain of 41.11%.
The name BATON comes from Baton Corporation, the former identity of Pump.fun. In community discussion, the token is regarded as a meme coin tied to Pump.fun’s early corporate identity. That association appears to be a key part of the token’s narrative in the market.
BlockBeats also included a risk reminder in its report, saying that meme coins often lack practical use cases and can see sharp price swings. The outlet advised users to stay cautious when making investment decisions around this segment.
BATON, a meme token in the Solana ecosystem, briefly saw its market capitalization rise above $20 million on Oct. 12, setting a record high, according to GMGN market data. It was later quoted at $18.22 million, with a 24-hour gain of 41.11%.
The token’s name comes from Baton Corporation, the former identity of Pump.fun. In the community, BATON is seen as a meme coin linked to Pump.fun’s early corporate identity.
BlockBeats said meme coins often have no practical use case and can be highly volatile, and reminded users to stay cautious with investments.
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