Solana's MAGA Meme Coin Hits $25M Market Cap, Surges 200% in 24 Hours

Gate News message, April 22 — Solana-based meme coin MAGA (Make Aliens Great Again) reached a peak market capitalization of $25 million today, marking an all-time high. The token is currently trading at $20 million with a 24-hour gain of 200% and trading volume of approximately $8.9 million.

The surge follows former U.S. President Donald Trump's statement on April 17 announcing plans to release government files related to UFOs, UAPs, and potential extraterrestrial life. Since that announcement, the MAGA narrative has intensified, with the token's market cap climbing from under $500,000 to its current levels.

BlockBeats notes that meme coins are highly volatile and largely dependent on market sentiment and narrative hype, with no underlying utility or value. Investors should exercise caution when trading such assets.