Dacity Coin, a meme token running on the Solana (SOL) blockchain, saw its market capitalization stretch from $104,000 to approximately $3.18 million inside a single hour — a gain of close to 30 times — before the move broke, according to figures reported by COINOTAG on October 22, 2026.

On-chain readings cited in the report put the token roughly 53% below that peak in short order afterward, meaning more than half of the rally's value was given back almost as quickly as it formed. For reference, a 53% pullback from the approximate $3.18 million peak corresponds to an implied capitalization of about $1.49 million — still far above the $104,000 level where the hour began, a measure of how far even a sharply retrace low-cap token can end up from its starting point.

Solana has become a common venue for meme token launches, a segment widely known for extreme volatility. The network's low transaction fees and high throughput make it technically straightforward to create and trade such tokens, which typically lack fundamental cash flows and can swing sharply in both directions over short periods. Rapid multi-fold gains followed by steep retracements are a recurring, well-documented pattern among newly issued, low-capitalization tokens on the chain. With starting valuations in the six-figure range, market depth around such tokens is thin, meaning even comparatively small order flow can produce large percentage swings — a structural characteristic of the micro-cap segment.

The reported figures — a starting capitalization of $104,000, an approximate $3.18 million peak, a near-30x gain within one hour, and a subsequent retracement of about 53% — are based on on-chain data as cited by COINOTAG.

This content was first published on COINOTAG: https://en.coinotag.com/solana-meme-token-dacity-coin-rips-30x-then-retraces-53