The Solana-based meme coin MAGA (Make Aliens Great Again) has experienced a dramatic rise, reaching a market cap of $7.4 million before settling at $6 million. This surge follows Trump's announcement of plans to release government files on UFOs and extraterrestrial life, which has fueled interest in the token. MAGA's 24-hour trading volume hit $2.1 million, marking a 140% increase in value. Despite the excitement, investors are cautioned about the high volatility and speculative nature of meme coins.