Robinhood Meme coin MEME market cap falls below $70 million, dropping over 35% in 6 hours

Odaily News According to GMGN data, the market cap of Robinhood Meme coin MEME continues to decline, currently falling below $70 million and reporting at $68.88 million, a 24-hour drop of 35.83%.

Robinhood previously announced that its on-chain stock token DEX trading volume exceeded $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 public exchange 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.