Solana Meme Coin Rockets to $60M in 22 Hours — Fast Rally, High Risk

I see the Solana‑ecosystem meme coin hitting a $60 million market cap in just 22 hours as a classic short‑term hype move driven by social momentum and liquidity chasing. The speed of the rally suggests heavy speculative buying rather than underlying fundamentals.

I'm wary of the concentration risks common to new meme tokens — small liquidity pools, single‑holder supply, and weak tokenomics can turn a fast pump into a rug or a violent crash. On‑chain signals and contract audits (if any) should be my first checkpoints.

I would watch trading depth, holder distribution, contract activity, and vesting schedules before allocating capital. If I trade it, I'd size positions tiny, set strict stops, and be prepared to exit quickly rather than HODL through unpredictable volatility.