Solana Meme Coin Buttcoin surges 260% intraday: Why did the "original" from 2011 suddenly explode in popularity

Solana ecosystem Meme coin Buttcoin experienced explosive growth in the past 24 hours, with its market cap once surpassing $20 million, ultimately retreating to about $16.94 million, a gain of over 260%. This project, claiming to be the first Meme coin in 2011, has frequently appeared in SOL ecosystem rankings due to the involvement of original developers and strong community support, reflecting the current activity level of the Meme coin market.

Meme Coin “Breakout Moment”

Specific data on market cap surge

According to GMGN data, Buttcoin’s performance has been quite remarkable in the short term. From related news, the project’s performance over the past 3 days better illustrates the situation:

• Initial market cap: $2.1 million
• Peak market cap: once exceeded $20 million
• Current market cap: about $16.94 million
• Daily increase: over 260%

This means that in less than 24 hours, the project’s market cap grew nearly 8 times. Although it has pulled back from the peak, it remains at a high level.

A snapshot of SOL ecosystem activity

Buttcoin’s surge is not an isolated phenomenon. Multiple quick news reports indicate that this project has ranked multiple times in the SOL ecosystem heat rankings, even entering the top 5. During the same period, SOL’s price also increased, with a 7.35% rise over the past 7 days, currently trading at $146.21, providing a solid foundation for Meme coin performance.

How historical background drives popularity

The appeal of being a “pioneer”

Buttcoin claims to be the first Meme coin in 2011, a status that stands out in today’s Meme coin market. Related news shows that the project emphasizes the participation and support of the original developers, which is relatively rare among Meme coins typically operated by anonymous teams.

Community support as a foundation

Buttcoin is backed by a community with an 11-year history. According to related news, the project’s Reddit community has over 200,000 members, providing a relatively solid user base. In the Meme coin market, community size often directly influences project popularity and liquidity.

The current market reality

Volatility risk cannot be ignored

Despite the impressive gains, the high volatility characteristic of Meme coins is also evident. Buttcoin’s market cap fell from its peak of $20 million to about $16.94 million. Although the decline isn’t large, such rapid changes are typical of Meme coins. Quick news reports explicitly remind investors that Meme coin prices are highly volatile and risks should be carefully considered.

Activity level in the SOL ecosystem

From multiple heat ranking news reports, it is clear that new Meme coin projects are continuously emerging within the SOL ecosystem, with Buttcoin being just one. This reflects the active state of SOL as a Meme coin incubator and indicates that capital is constantly seeking new opportunities.

Summary

Buttcoin’s 260% intraday increase reflects two phenomena: first, the ongoing activity of the Meme coin market within the SOL ecosystem; second, market attention to projects with historical background and community support. However, the nature of Meme coins determines their high-risk profile, with short-term surges often accompanied by sharp fluctuations. For investors, paying attention to hype is one thing; understanding risks is another. In the Meme coin market, historical background and community size may provide support but cannot eliminate volatility risks.