Robinhood ecosystem token JINQIAN's market cap briefly touched $47 million, up over 950% intraday
On September 2, according to GMGN data, Robinhood Chain ecosystem token JINQIAN's market cap briefly reached $47 million, up over 950% intraday, and is now reported at $42.74 million.
Market attention may be related to trader Rune's recently disclosed "tokenization of Nasdaq low-cap 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, and plans to tokenize the relevant equity on Robinhood Chain, while also launching a Meme coin paired with the tokenized stock. It is currently unconfirmed whether JINQIAN is directly associated with 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.
