The Solana-based meme coin MAGA surged by 52% today, reaching a market capitalization peak of $9.3 million before settling at $8 million. This spike in value coincides with U.S. Congressman Eric Burlison's announcement that the White House will accelerate the release of UFO-related documents, now scheduled approximately every two weeks. This follows former President Trump's April 17 statement about releasing government files on UFOs and extraterrestrial life, which initially drove MAGA's market cap to $33 million before a subsequent decline. The trading volume for MAGA reached $1.8 million, reflecting heightened market activity. However, BlockBeats cautions that meme coins like MAGA are subject to extreme volatility, driven by speculative hype rather than intrinsic value, urging investors to remain cautious.