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The Solana meme coin market is heating up again. The meme coin called neet has been surging since this morning, rising by 27% in just the past two hours. It reportedly reached a market cap of $47 million at one point. Currently, it's hovering around $45 million.
The 24-hour price change exceeds 60%, which is an abnormal movement. The trading volume is also active at around $2.5 million. Meme coins at this level are completely influenced by market sentiment, so actual value and use cases hardly matter.
These rapidly surging meme coins are essentially a game of emotion and trend. What rises quickly can also fall quickly. If you participate, you should be prepared for the risk.