The market value of Solana-based meme coin MAGA rises by 52% as US lawmakers reveal that UFO file releases are happening more frequently than expected

BlockBeats reports that on May 13, according to GMGN monitoring, the Solana ecosystem meme coin MAGA's market capitalization rebounded by 52% today, reaching a high of 9.3 million USD and currently standing at 8 million USD, with a trading volume of 1.8 million USD over the same period.

Reportedly, U.S. Congressman Eric Burlison revealed on a program yesterday that the White House plans to release a new batch of documents approximately every two weeks. This is slightly faster than the previously described “every few weeks” official expectation, with six days having passed since the last release.

Since April 17, when Trump publicly announced plans to release government documents related to UFOs, UAPs, and possible extraterrestrial life, the market cap of the token has soared to a high of 33 million USD, but dropped significantly following the recent first batch of UFO files.

BlockBeats reminds users that meme coin trading is highly volatile, often relying on market sentiment and hype around concepts, with no actual value or use case. Investors should be aware of the risks.