On Sept. 10, BlockBeats reported that overall on-chain activity had dropped sharply, while the Solana ecosystem remained one of the few clear areas of market attention. Citing GMGN market data, the report said several meme coins paired against altcoin-based liquidity pools stayed strong during the session. Among them, baton recorded more than $2,750 in trading volume within seven hours of launch. Its market capitalization briefly surged to $10 million before falling back to $4.94 million. The token was described as originating from the name of an early pump.fun project and the company behind it, with pump.fun platform token PUMP serving as the paired base asset. LEVERCAT was quoted at a $5 million market cap, with a 24-hour gain of 277%. According to the report, the token uses Hylo’s leveraged SOL token xSOL as its paired base asset. BlockBeats also warned that many meme coins lack practical use cases and can see sharp price swings, urging users to stay cautious.