The cryptocurrency $HONEY has seen significant price appreciation recently, with reports indicating that its market capitalization surged from $4 million to $14 million. Investors have noted a fivefold increase in their holdings, with one user reporting a jump from $2 million to $6 million in market value. The excitement surrounding $HONEY is attributed to its appeal as a memecoin, which has attracted a growing community of investors. The cryptocurrency is currently gaining traction, with a notable increase in the number of holders, reaching around 10,000 addresses. The recent surge in interest has sparked discussions about its potential in the market.