The market capitalization of a Solana-based memecoin has surged by 85% in the past 24 hours, reaching approximately $7 million. This increase comes as the token's trading volume hit $1.2 million. The rally is attributed to the Meme coin community's announcement of the token's migration from Bonk to Pump Fun, which began on March 4. The migration window will remain open until March 17. The memecoin, which has been in circulation for 243 days, previously peaked at a $57 million market cap in July 2025. Investors are reminded of the high volatility and speculative nature of memecoins.