Robinhood ecosystem token JINQIAN's market cap briefly touched $16 million before falling back to $8.45 million, up over 210% intraday

September 2, according to GMGN data, the Robinhood Chain ecosystem token JINQIAN's market cap briefly touched $16 million before falling back to $8.45 million, up over 210% intraday.

Market attention may be related to trader Rune's recently disclosed plan to "tokenize low-market-cap Nasdaq stocks + Meme coins." Rune stated that he has spent approximately $1.8 million to acquire a 37.4% stake in a Nasdaq-listed company, and plans to tokenize the related equity on Robinhood Chain while launching a Meme coin paired with the tokenized stock. At present, it cannot be confirmed whether JINQIAN is directly linked to the plan described by Rune.

Odaily reminds that the relevant narrative has not yet been officially confirmed, and Meme coin prices are highly volatile. Please be aware of trading risks.