The market capitalization of the Solana-based meme coin Baton briefly surpassed $18 million, reaching a new all-time high.

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Meme coin news broke early as the Solana-based BATON token briefly reached an $18 million market cap, a new all-time high. The 24-hour gain was 86.8%, with the token now valued at $12.3 million. BATON originates from Baton Corporation and Baton Finance and is paired with Pump.fun’s PUMP token. It shares Pump.fun’s narrative but has no official affiliation. New token listings often attract attention, but meme tokens remain highly volatile. Odaily warns investors to proceed with caution.

Odaily Planet Daily reports that, according to GMGN data, the Solana-based meme coin baton briefly surpassed a market cap of $18 million overnight, setting a new all-time high, with a 24-hour gain of 86.8%, currently trading at $12.3 million.

It is understood that BATON is a community meme token derived from Baton Corporation, the company behind Pump.fun, and its early project Baton Finance, with the paired token being PUMP, the platform token of pump.fun. This token merely borrows the associated narrative and has no official affiliation with Pump.fun.

Odaily reminds users that meme coin prices are highly volatile; investors should proceed with caution.

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