Malone meme token skyrockets on debut

Malone Lam is trending, this time as a hot meme that has risen to become one of the top trading pairs on decentralized exchanges.

According to on-chain data, the Malone/Solana sol2.23%Solana trading pair on the Raydium DEX skyrocked more than 1,000% in 24 hours. The meme traded as a top DEX pair on Solana, hitting 24-hour volume of over $4.4 million.  Its market cap stood at $751,000.

Malone was trading at around $0.0006712, up about 927% in the past 24 hours. However, it previously hit a high of $0.0017713 on Raydium—the largest DEX platform on Solana. Dexscreener shows it hit $0.000506 on Moonshot.