- UFO-themed meme coins on the Solana blockchain posted double-digit gains.
- The UFOPEPE (UFO) token increased 44.68% in 24 hours.
- The rally follows the Pentagon's first declassified UAP file release Friday.
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A Solana meme coin blending Pepe the Frog with UFO imagery, UFOPEPE (UFO), gained 44.68% in the last 24 hours after the Pentagon’s first declassified UAP file release Friday, leading a speculative rally in similarly-themed tokens.
Data from the Solana-based decentralized exchange aggregator Birdeye showed the token’s price climbing as the narrative around the disclosure gathered steam on social media. The rally was part of a broader surge in UFO-themed assets, with a separate UFO Token climbing 30.79% and UFO Gaming adding 5.98%, according to CoinGecko data. The speculative flows highlight the highly reactive nature of meme coin markets on the Solana blockchain.
The Department of War on Friday launched its Presidential Unsealing and Reporting System for UAP Encounters (PURSUE), posting the first tranche of files to a public portal. The move ignited immediate interest within crypto trading circles that organize around viral news events. However, the speculative capital was fragmented, with the original UFO Token slipping almost 5% as traders spread bets across multiple tickers with the same theme.
The planned rolling release of UAP files every few weeks could provide recurring catalysts for these niche tokens. This pattern mirrors other event-driven meme coin rallies, such as the surge in Hantavirus-themed tokens following a cruise ship outbreak. Still, these assets carry no fundamental link to the Pentagon's disclosures and are subject to extreme volatility, with bot activity accounting for 60% to 80% of volume on some Solana venues.
This article is for informational purposes only and does not constitute investment advice.