Robinhood Meme Coin MEME Market Cap Briefly Hits $150 Million, Up Over 6,500x Intraday

Odaily Planet Daily News According to GMGN data, Robinhood Chain Meme coin MEME (A Meme Coin) saw its market cap briefly hit $150 million, currently reported at approximately $126 million, up over 6,500x intraday.

MEME is a typical event-driven news Meme coin. Earlier, Robinhood announced that its on-chain stock token DEX trading volume surpassed $3 billion within 63 days, now covering over 190 companies including AMC. Subsequently, AMC CEO Adam Aron publicly stated that AMC has no connection whatsoever with the related tokenized stocks, expressing his displeasure with words such as "despicable, outrageous, and disgusting," and said he has asked external securities lawyers to investigate their legality.

The remarks subsequently sparked community meme-making, with some users interpreting AMC as "A Meme Coin," and MEME quickly surged. Robinhood has not yet responded to Adam Aron's criticism.

AMC CEO Takes Another Swipe at Robinhood Stock Tokens, Demands Halt to AMC Stock Token Trading

Odaily reminds readers that this token has seen huge gains in a short period and is an event-driven Meme coin. Its future trajectory may be highly dependent on responses from relevant parties and market sentiment. Please be aware of trading risks.