## Franklin skyrocketed with an explosive 404% gain in 24 hours: the meme token that captivated Solana

The Franklin meme token is leading a spectacular rally on the Solana blockchain, reaching a market capitalization that briefly exceeded $13 million. Although it is currently valued at $11 million, the movement is impossible to ignore: a 404% increase in just one day.

The numbers reveal a frantic interest among traders. In the last 24 hours, trading volume reached $11.3 million, reflecting the intensity of trading around this meme coin. Inspired by the iconic turtle Franklin from the children’s series "Franklin and Friends," the token has captured the nostalgia and speculation of the crypto community.

But there is a dark side to this euphoria. Meme tokens like Franklin typically lack concrete use cases and real functionality. Their main appeal lies in pure speculation and community narrative, not fundamental utility. This reality generates highly volatile prices that can collapse as quickly as they rise.

Analysts warn investors about taking positions in these assets without understanding the existential risk. Extreme volatility means that the 404% gains can turn into catastrophic losses. Investing in meme coins requires a cautious strategy and capital you are willing to lose completely. Franklin is today a reminder of why due diligence matters, even when everyone is talking about the next big meme.