According to ChainCatcher, data from GMGN market statistics shows that the Solana-based meme token RALPH has reached a market capitalization of over $43 million, setting a new historical high. It has surged 253% in the last 24 hours, with a 24-hour trading volume of $17.7 million. The RALPH token was inspired by the classic character Ralph Wiggum from "The Simpsons." An internal RALPH address previously spent 12.3 SOL (worth $1,668 at the time) to purchase 28.8 million RALPH tokens, which are now valued at $1.07 million, representing a 642x return. Meme coins are highly volatile and largely driven by market sentiment and speculative hype, with no intrinsic value or practical use cases. Investors should be cautious of the associated risks.
Solana Meme Token RALPH Surpasses $43M Market Cap, 24-Hour Surge Exceeds 250%
ChaincatcherShare
Summary
The Solana-based meme token RALPH reached a $43 million market cap, surging 253% in 24 hours. Trading volume hit $17.7 million as market sentiment remains strong. Inspired by *The Simpsons* character Ralph Wiggum, the token saw a major purchase from an internal address that spent 12.3 SOL ($1,668) to acquire 28.8 million tokens, now worth $1.07 million. Meme coins remain highly volatile and driven by hype, with no intrinsic value.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.