Meme Coin MAGA Surpasses $25 Million Market Cap, Records 186% Surge in 24 Hours

BlockBeats News, April 22, according to GMGN monitoring, the Solana-based Meme coin MAGA (Make Aliens Great Again) saw its market cap briefly surpass $25 million before falling back, setting a new all-time high. It is currently trading at around $19.3 million, with a 24-hour increase of 186% and a trading volume of approximately $8.1 million.

It is reported that since April 17, when Trump publicly stated his intention to release government files related to UFOs, UAPs, and possible extraterrestrial life, the relevant narrative has been heating up, and the MAGA market cap has surged from less than $50,000.

BlockBeats reminds users that Meme coins are highly volatile, largely driven by market sentiment and hype around a concept, with no real value or use case. Investors should be aware of the risks involved.