The Solana ecosystem has another big hit. RALPH, a Meme coin based on the Ralph Wiggum character from The Simpsons, has recently become extremely popular.

According to GMGN data, the project's market cap has surged to a new high of $43 million, with a 24-hour increase of 253%, and the daily trading volume has reached $17.7 million. To be honest, such a magnitude isn't unusual among Meme coins, but maintaining such high activity definitely catches the eye.

Interestingly, the operation details of an internal RALPH address have been uncovered. This guy initially spent 12.3 SOL (worth $1,668 at the time) to buy 28.8 million RALPH tokens. Now, the asset's market value has skyrocketed to $1.07 million, a 642-fold increase. If he hadn't participated in such high-risk projects, he wouldn't have seen this kind of return.

But to be honest—Meme coins are essentially a collection of market sentiment and hype. They lack practical use cases for support. They rise quickly and fall just as fast, with huge trading volatility. You must think carefully before entering whether you can handle the risks.