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

Odaily News, according to GMGN data, Robinhood Chain's Meme coin MEME (A Meme Coin) saw its market cap briefly reach $150 million. It is currently reported at approximately $126 million, surging 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, currently 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 dissatisfaction with words such as "despicable, outrageous, and disgusting," and stated that he has requested external securities lawyers to investigate their legality.

These remarks subsequently triggered community memes, with some users interpreting AMC as "A Meme Coin," and MEME quickly surged. Currently, Robinhood has not yet responded to Adam Aron's criticism.

AMC CEO renews attack on Robinhood stock tokens, calling for a halt to AMC stock token trading

Odaily reminds readers that this token has seen massive 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.