Sol Meme coin fone's market cap briefly surpassed $4 million, up over 97x intraday

Odaily News, according to GMGN market data, the Solana ecosystem Meme coin fone's market cap briefly surpassed $4 million and is now reported at approximately $3.9 million, with an intraday gain of over 97x.

In terms of narrative, fone is built around the "apeonfone" concept, summarizing the trend of Meme coin trading becoming increasingly mobile- and social-driven in this cycle as "an ape on a phone." The project community draws parallels to the "a dog with a hat" narrative of dogwifhat in the previous cycle, emphasizing a trading style where users browse social media, receive calls, and directly buy Meme coins via their phones.

Odaily reminds that Meme coin prices are highly volatile, and tokens driven by such community narratives lack stable fundamental support. Please be aware of trading risks.