Robinhood ecosystem token JINQIAN briefly hits $36 million market cap, up over 890% intraday
September 2 — According to GMGN data, Robinhood Chain ecosystem token JINQIAN briefly touched a $36 million market cap before surging over 890% intraday, now reporting $35 million.
Market attention may be linked to trader Rune's recently disclosed "tokenization of low-cap Nasdaq stocks + Meme coin" plan. Rune stated that he has spent approximately $1.8 million to acquire a 37.4% stake in a Nasdaq-listed company, with plans to tokenize the related equity on Robinhood Chain while launching Meme coins paired with the tokenized stocks. It is currently unconfirmed whether JINQIAN has a direct association with Rune's stated plan.
Odaily reminds readers that the relevant narrative has not yet been officially confirmed, and Meme coin prices are highly volatile. Please exercise caution regarding trading risks.
