Robinhood Meme Coin MEME's Market Cap Nearly Halved, Falling Below $80 Million

According to Odaily, data from GMGN shows that after hitting a market cap high of $151 million, Robinhood Meme coin MEME has continued to decline. Its market cap has now nearly halved, currently reported at $78 million, with a drop of over 30% in the past 6 hours.

Robinhood previously announced that its on-chain stock token DEX trading volume surpassed $3 billion within 63 days, specifically mentioning coverage of over 190 companies including AMC. However, this subsequently drew dissatisfaction from AMC CEO Adam Aron, who engaged in a war of words with Robinhood CEO Vlad Tenev, even threatening to request his securities legal counsel to explore the possibility of taking legal enforcement measures.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.