HOOKED, a meme coin on Solana, briefly pushed its market capitalization above $17 million early today before easing to about $13.96 million, according to GMGN data. The token was still up more than 110% over the past 24 hours at the time cited in the report. HOOKED is the platform token of Hooked, a meme launch platform in the Solana ecosystem. According to the report, Hooked integrates Transfer Hook, which allows token issuers to set on-chain rules covering holdings, trading, and transfers. The feature is designed to reduce issues such as bot sniping, concentrated ownership, and malicious sell-offs. Odaily also noted that meme coins can see sharp price swings and are highly sensitive to market sentiment and trending events, warning traders to pay attention to risk.
HOOKED, a meme coin on Solana, briefly saw its market capitalization rise above $17 million early today before falling back to about $13.96 million, according to GMGN data. The token was still up more than 110% over the past 24 hours.
According to the report, HOOKED is the platform token of Hooked, a meme launch platform in the Solana ecosystem.
Hooked platform features
Hooked integrates Transfer Hook, allowing on-chain rules to be set for token holdings, trading, and transfers. The setup is intended to reduce bot sniping, concentrated ownership, and malicious sell-offs.
Odaily said meme coins are highly volatile and can be easily affected by market sentiment and trending events, and it warned users to pay attention to trading risks.
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