Solana Meme Coin BATON Briefly Tops $20 Million Market Cap

Solana-based meme coin BATON briefly surpassed a $20 million market capitalization on Oct. 12, marking a record high during a sharp 24-hour gain. BATON later stood at a market capitalization of $18.22 million, while its 24-hour increase reached 41.11%. The token’s name references Baton Corporation, identified as the predecessor to Pump.fun. The token is viewed by its community as connected to Pump.fun’s early corporate identity. BATON’s move comes amid the highly volatile meme-coin market, where many tokens have limited or no practical use cases. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost