CATGPT rallies again, briefly surging past $20 million before pulling back, with its current market cap standing at $15.62 million.
1 hours ago
According to GMGN market data, after an afternoon of shake-out and consolidation, Robinhood ecosystem meme coin CATGPT has surged again, briefly breaking through the $20 million market cap before pulling back. Its current market cap stands at $15.62 million, with a 41% gain in the past hour. CATGPT trades in a pair with OPENAIx1L (OPENAI 1x Long tokenized position) via the Long.xyz platform. Long.xyz is a meme coin launch platform on the Robinhood chain, focusing on the innovative "coin-stock meme" model that directly links traditional meme coins to tokenized U.S. stocks, creating a dual-driven mechanism of "sentiment speculation + real asset anchoring." The platform allows users to issue meme tokens and pair them directly with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.), instead of the traditional pairing with USDT or ETH. A portion of transaction fees flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a unique value capture model. OPENAI currently has high IPO expectations, but as it remains unlisted, traditional markets cannot easily go long on it. On-chain platforms like this provide speculative exposure through such tokenized long positions paired with meme coins, an upgraded iteration of the earlier trend of pairing meme coins with stock tokens like NVDA. BlockBeats reminds users that related token prices are highly volatile and carry significant uncertainty, so users should exercise caution when investing.
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