Robinhood Meme Coin $1 Market Cap Briefly Surpasses $3 Million, Up Over 650x Intraday

According to GMGN data, the Robinhood Chain ecosystem Meme coin $1 briefly surpassed a $3 million market cap and is now reported at approximately $2.39 million, up over 650x intraday.

The $1 narrative revolves around the "Trump $1 commemorative coin." Earlier reports mentioned that to celebrate the 250th anniversary of the founding of the United States, the U.S. Treasury plans to issue a Trump commemorative coin. The Wall Street Journal recently revealed that this new coin is being rapidly minted in Philadelphia and will be officially launched this fall. It is noted that the coin features Trump's portrait on one side and the bald eagle design from the presidential seal on the other.

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