Robinhood Meme Coin $1 Market Cap Briefly Surpassed $3 Million, Up Over 650x Intraday

According to GMGN data, the Robinhood Chain ecosystem Meme coin $1 briefly surpassed a market cap of $3 million, and is now reported at approximately $2.39 million, up over 650x intraday.

The $1 narrative revolves around the "Trump $1 commemorative coin." Earlier reports mentioned that to celebrate the 250th anniversary of the founding of the United States, the U.S. Treasury planned to issue a Trump commemorative coin. The Wall Street Journal recently revealed that this new coin is being minted urgently in Philadelphia and will be officially released this fall. It is noted that the coin features Trump's portrait on one side only, while the other side bears the bald eagle motif from the presidential seal.

Odaily reminds that Meme coin prices are highly volatile and easily influenced by market sentiment and hot events. Please be aware of trading risks.