ME News reports that, as of May 13 (UTC+8), according to GMGN monitoring, the market capitalization of the Solana-based meme coin MAGA rebounded by 52% today, peaking at $9.3 million and currently standing at $8 million, with a corresponding trading volume of $1.8 million. It is reported that U.S. Congressman Eric Burlison revealed on yesterday’s program that the White House plans to release a new batch of documents approximately every two weeks—slightly faster than the previously stated “every few weeks” timeline, following just six days since the last release. Since former President Trump publicly indicated on April 17 his intention to release government files related to UFOs, UAPs, and possibly extraterrestrial life, MAGA’s market cap had previously surged to a high of $33 million, before sharply declining after the first round of UFO documents was released. BlockBeats reminds users that meme coins exhibit extreme price volatility, primarily driven by market sentiment and speculative hype, with no underlying value or practical utility; investors should exercise caution and be aware of the risks. (Source: BlockBeats)
Solana meme coin MAGA surges 52% amid accelerated UFO file release timeline
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Summary
The Solana-based meme coin MAGA surged 52% on May 13 (UTC+8), with trading volume reaching $1.8 million. On-chain data shows its market cap peaked at $9.3 million before stabilizing at $8 million. U.S. Congressman Eric Burlison announced that the White House will release UFO files every two weeks, faster than anticipated. MAGA previously reached $33 million following Trump’s remarks on April 17 but declined after the first files were released. BlockBeats notes that meme coins lack intrinsic value and are driven primarily by sentiment.
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