The RALPH coin on Solana has been exploding in popularity these days. It surged over 250% in one day, with a market cap directly hitting $43 million. This level of hype is truly extraordinary.

Simply put, RALPH is a pure Meme coin, inspired by characters from "The Simpsons," driven by memes and market sentiment. But data doesn't lie—early investors who put in 12.3 SOL (about $1,600 at the time) are now seeing a 642-fold return, with their holdings soaring to $1.07 million. That's a terrifying number in any market.

Even more interesting is the on-chain performance. Over the past two days, Solana network transaction volume has surged by over 30%, and the number of new addresses has skyrocketed, most of which are involved in Meme coin trading. Especially for the RALPH project, large whale addresses have been continuously adding positions, with single transactions exceeding $500,000. Clearly, funds are voting with their wallets. According to trading data, the total trading volume has reached $17.7 million, with liquidity being very abundant.

Of course, to be honest—this Meme coin craze is purely driven by emotion, with no real technology or application backing it up. The volatility is staggering. But from a market perspective, this trend might last a while longer, especially on Solana, which could also trigger a wave of other small coins to rise in tandem. Low fees and fast transaction speeds indeed provide fertile ground for Meme coins to grow.