PLSTACIO, a meme coin in the Solana ecosystem, briefly pushed its market capitalization above $12 million, according to GMGN market data, before easing to about $11.9 million. The token was still up more than 300x on the day at the time of the update. The project’s narrative is tied to a newly created character by artist Marcello, described in the source as a meme artist and content creator. His X account, @Marcello_695, has about 6,500 followers. The report also noted that Marcello has long created meme-style characters including Pepo, and lists works such as Swassie and Spepo in his profile. Odaily said meme coins can be highly volatile and are easily influenced by social media commentary and broader market sentiment, warning traders to pay attention to risk.