The Solana-based meme coin Neet has experienced a significant surge, with its market capitalization reaching $27.6 million. The coin's price increased by 36% in the past 24 hours, now standing at $0.0276. Trading volume also saw a notable rise, exceeding $2.1 million during the same period. This marks a strong rebound for Neet, which had previously fallen below a $7 million market cap. Despite the recent gains, ChainCatcher advises caution, highlighting the inherent volatility of meme coins. These assets are often driven by market sentiment and speculative hype, lacking intrinsic value or practical use cases, which poses significant risks for investors.