Robinhood Meme Coin MEME Market Cap Surpasses $120 Million, Surging Over 5,800x Intraday
Odaily News, According to GMGN data, the market cap of Robinhood Chain Meme coin MEME (A Meme Coin) briefly surpassed $120 million and is now reported at approximately $112 million, surging over 5,800 times intraday.
MEME is a typical event-driven news meme coin. Earlier, Robinhood announced that its on-chain stock token DEX trading volume exceeded $3 billion within 63 days, now covering over 190 companies including AMC. Subsequently, AMC CEO Adam Aron publicly stated that AMC has no connection whatsoever with the related tokenized stocks, expressing his discontent with words such as "despicable, outrageous, and disgusting," and stated that he has requested external securities lawyers to investigate their legality.
These remarks subsequently triggered community meme-making, with some users interpreting AMC as "A Meme Coin," causing MEME to surge rapidly. Currently, Robinhood has not yet responded to Adam Aron's concerns.
Odaily reminds that this token has seen enormous gains in a short period, being an event-driven meme coin, and its future trajectory may be highly dependent on relevant parties' responses and market sentiment. Please be mindful of trading risks.
