Robinhood ecosystem token JINQIAN's market cap briefly touched $60 million, surging over 13x intraday

September 2, according to GMGN data, the market cap of Robinhood Chain ecosystem token JINQIAN briefly touched $60 million, surging over 13x intraday, and is now reported at $57.13 million.

Market attention may be related to trader Rune's recently disclosed plan to "tokenize low-market-cap Nasdaq stocks + launch 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, there is no confirmation of a direct link between JINQIAN and the plan described by Rune.

Odaily reminds readers that this narrative has not yet been officially confirmed, and Meme coin prices are highly volatile. Please exercise caution regarding trading risks.