The cryptocurrency market witnessed a notable spike in the price of RATO, a meme coin built on the Ethereum blockchain, temporarily reaching a $10 million market capitalization. This surge marked a strong reaction by investors, reminiscent of other explosive rises seen in meme coins like Dogecoin and Shiba Inu. 24-hour trading volume soared to $28.4 million, representing a remarkable 1,496.2% increase. This impressive jump led to increased Ethereum trading activity, though the impact on Bitcoin or other altcoins was limited. Despite the sudden surge in popularity, RATO’s anonymous team has not publicly revealed any information regarding their origins or leadership. This lack of public identification is typical for meme coin projects, adding to the volatile nature of these digital assets. The spike in RATO price highlights a trend observed with past meme coins, where rapid increases and subsequent retracements are common. As with Dogecoin and Shiba Inu, RATO’s meteoric rise may be driven by viral interest and speculative trading activity. While short-lived trading behavior is expected until market equilibrium is reached, analysts anticipate these volatility trends often reverse over time.