Solana's "Demon Coin" Again, the number 114514 once surged to a $20 million market cap

These days, the Meme coin "114514" on the Solana chain has been quite popular—the market cap once hit around $20 million, setting a new all-time high, with a 24-hour increase of up to 597%. As of press time, the price is fluctuating around $16.86 million.

Talking about this number combination, many people might be confused. Actually, there's a meme from internet culture behind it: in Japanese, the sequence 1-1-4-5-1-4 can be read as "いいよ、こいよ (Ii yo, koi yo)," which translates to "Sure, come on!"—a welcoming yet slightly chaotic shout. This phrase originally comes from the online persona "Beast Senpai," and has gradually evolved into a "universal response" for various situations.

Because of this cultural background, the coin 114514 naturally carries discussion heat and entertainment value—that's also why it quickly gained popularity on the Solana chain, attracting a wave of investors chasing the hype.

However, it’s important to remember that most Meme coins lack real-world utility, and their prices tend to be highly volatile. A 597% daily increase may seem tempting, but the risks are very real. Interested friends should carefully evaluate and not get carried away by short-term gains.