Meme crypto project MEME briefly broke through $110 million in market capitalization, setting a new all-time high.

According to GMGN data, the stock-meme project MEME on Robinhood Chain has been surging, with its market cap briefly breaking through $110 million to hit a new all-time high before pulling back to $95 million. It has surged over 1,000% in 24 hours, with trading volume reaching $59.1 million. MEME leverages stock trading platform Robinhood, pairing with tokenized U.S. stock AMC Entertainment (the U.S. theater chain with ticker AMC) as its liquidity pool, using the MEME/AMC trading pair to provide liquidity. AMC’s CEO stated in a post this morning that Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and over 190 other companies. He noted AMC has no connection to the project, does not endorse the practice, and will immediately request external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks: 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 retains meme coins’ high volatility and community-driven speculative nature while tapping into the popularity and narrative of real stocks. A portion 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". Prices are highly volatile; invest with caution.