Meme Token Franklin's Market Cap Briefly Surpasses $13 Million, with a 404% Price Increase in 24 Hours

BlockBeats News, December 6th, according to GMGN data, the Solana-based Meme token Franklin (Franklin The Turtle) briefly surged past a $13 million market cap, currently trading at $11 million, with a 404% 24-hour price increase and a $11.3 million 24-hour trading volume.

The Franklin token features the turtle protagonist from the classic children's animated series "Franklin and Friends." A political satire meme posted by former Trump administration warlord Pete Hegseth quickly went viral on X. He parodied the classic children's book "Little Turtle Franklin" into "Franklin Takes on the Drug Cartel," depicting the little turtle fully armed, firing at a drug cartel vessel from a helicopter, with the caption "Best Christmas Gift." As a military veteran and staunch hawk, Hegseth implied a stance of combating drug cartels with force, aligning with his long-standing emphasis on border security. The post instantly ignited social media, while opponents in the comments section fiercely criticized it as "offensive" and "war-mongering," reflecting the long-standing partisan divide in the U.S. on foreign policy and border issues.

BlockBeats reminds users that Meme coins often lack practical use cases, experience significant price volatility, and investment should be approached with caution.