The Chinese meme token "I Tama Lai" (I'm Coming) briefly surpassed a market capitalization of $29 million, marking a new historical high. The token's market cap has since adjusted to $26.25 million, reflecting a 24-hour increase of 143%. Meme tokens like "I Tama Lai" are known for their significant trading volatility, driven largely by market sentiment and hype rather than intrinsic value or utility.