Meme coin Buttcoin, operating on the Solana blockchain, experienced a significant market cap surge, briefly reaching $30 million before settling at $28.6 million. The coin's price rose to approximately $0.0286, marking a 36% increase over the past 24 hours. Trading volume for Buttcoin was reported at around $5.3 million. Despite the gains, investors are cautioned about the high volatility and speculative nature of meme coins, which often lack intrinsic value or practical use cases.