BlockBeats News, May 15th, according to GMGN monitoring, the Solana ecosystem Meme coin MAGA saw another surge in market cap last night and this morning, accumulating a approximately 162% increase from the low point 3 days ago. The 24-hour increase is 24%, reaching a peak of $13 million, experiencing a slight pullback during the day, currently hovering around $11 million, with a corresponding trading volume of $1.4 million.

The resurgence in the market is driven by the market's anticipation of the next batch of UFO-related declassified files. It has been 8 days since the release of the last batch of files, and U.S. Congressman Eric Burlison previously stated that "a new batch of files will be released approximately every two weeks," leading the market into a new round of speculative anticipation.

Since former President Trump announced on April 17th his intention to declassify government files related to UFOs, this Meme coin was once highly regarded by the market. However, the actual content of the first batch of files released fell short of expectations, putting pressure on the token and causing a retreat.

As of now, its market cap has retraced approximately 66% from the peak of $33 million, and market expectations for a boost from the next round of files have significantly cooled. Its market cap may be heavily dependent on whether the new batch of files contains substantial disclosures.

BlockBeats reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, without actual value or use case. Investors should be aware of the risks.