Meme crypto project MEME rallies sharply, market capitalization nears $50 million, hitting a new all-time high.
1 hours ago
According to GMGN data, the stock-meme project MEME on Robinhood Chain has been rallying, approaching a $50 million market cap before pulling back to $42 million. The token has surged over 1,000% in 24 hours, with trading volume reaching $34 million. MEME provides liquidity via the MEME/AMC trading pair, pairing with the tokenized U.S. stock AMC Entertainment (ticker: AMC) — a tokenized equity available on the Robinhood stock trading platform. BlockBeats Note: Stock Meme is an emerging trend that merges traditional meme coins with tokenized U.S. equities: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model preserves meme coins’ high volatility and community-driven speculative attributes while leveraging the popularity and narrative of real stocks. A portion of transaction fees is typically redirected to the community treasury to accumulate corresponding U.S. stock tokens, creating a dual-driven framework of "sentiment speculation + real asset anchoring". Prices are highly volatile; investors should exercise caution.
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