Solana Meme Coin Surges 98.6% in 24-hour Trading

Solana-based meme coin NOBODY, inspired by the quirky TikTok character created by Kael Cabral, saw a remarkable 98.6% price increase in the last 24 hours, reaching a market cap exceeding $21 million.

The NOBODY token, with no stated utility or institutional backing, highlights the speculative appeal of meme coins which attract retail investors. Kael Cabral, creator of Nobody Sausage, famously stated, “Nobody Sausage is a grassroots social media character and entertainment brand… it has become a symbol of absurd, joyful internet culture. Nobody is a meme token: it has no utility, no expectations of financial gains, existing solely for enjoyment for the community.”

Meme Coin Frenzy: NOBODY Hits $21 Million Market Cap

The NOBODY token, a Solana-based meme coin featuring a TikTok character, recorded a 98.6% price increase within a day. Creator Kael Cabral has no known involvement in the token’s development. Community-driven efforts primarily promoted NOBODY.

Reflecting characteristics typical of meme coins, NOBODY remains highly volatile, lacking substantial financial value beyond community-driven notoriety. Its trading activity surged—exceeding CoinMarketCap’s $4 million, signaling increased speculative interest of eventual steep price corrections.

No key public figures or regulatory bodies have commented on this phenomenon. Community reactions reflect enthusiasm but remind investors of high risks due to NOBODY’s amateur market roots and significant reliance on online visibility rather than financial fundamentals.

Unpredictable Market Trends: NOBODY’s Trading Volume Up 391.14%

Did you know? Rising meme coins like NOBODY often reveal speculative urgency comparable to previous Solana-based meme events, rapidly spiking in daily trade volumes before price corrections.

Data from CoinMarketCap indicates NOBODY’s 24-hour trading volume reached $4.49 million, up 391.14%, despite its zero circulating supply, displaying unpredictability common in meme coins. CoinMarketCap notes a 33.36% rise over seven days—yet caution warrants as 30-day evaluations show a 49.12% decline.

Coincu’s research mentions how similar meme-based initiatives on blockchain have evaporated as swiftly as they ascended, often catching retail traders in sudden downturns. Regulatory developments remain absent, though market observers suggest closer scrutiny might surface given meme coins’ attraction for unsophisticated investors relying on social media hype.