Crypto-stock Meme project MEME briefly surpassed $20 million in market capitalization, notching an 800x gain in the past 24 hours.
60 minutes ago
According to GMGN data, the stock-meme project MEME on Robinhood Chain briefly hit a market capitalization of over $20 million, a new all-time high, and is currently trading at $17 million, with a 24-hour surge of more than 800 times and a trading volume of $16.2 million. MEME leverages stock trading platform Robinhood, pairing with tokenized U.S. stock AMC Entertainment (American cinema chain, ticker: AMC) as its liquidity pool, providing liquidity via the MEME/AMC trading pair. Additionally, another Robinhood-based stock-meme project CINEMA also pairs with AMC, making the two tokens liquidity competitors. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks. Unlike meme coins paired with USDT or ETH, these tokens are directly matched with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains the high volatility and community-driven speculative nature of meme coins while tying to the popularity and narrative of real stocks. Part of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Note: Price volatility is high, so investment requires caution.
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