Meme Stock Frenzy on Robinhood Chain: "AI" Meme Coin Surges, Reaching a Market Cap of Over $17 Million Once Again

BlockBeats News, July 23rd, according to the GMGN data, a meme stock frenzy is happening on the Robinhood Chain. At the time of writing, the market capitalization of the meme coin "AI" briefly exceeded $17 million, currently standing at $15.01 million, reaching a new all-time high. The coin's 24-hour trading volume has reached $9.8 million.

The meme coin "AI" was issued on the Robinhood Chain's ecosystem token issuance platform, long.xyz. This meme coin is paired with the NVIDIA stock token, aligning well with the Robinhood Chain's vision and CEO Vlad's concept of "meme+RWA."

Earlier analysis by BlockBeats pointed out that meme stocks are likely to become a new popular trend on the Robinhood Chain, marking a significant update in the meme coin narrative.

Furthermore, following the surge of the meme coin "AI," long.xyz has recently issued multiple meme tokens paired with various stock tokens, most of which have relatively small market capitalizations and large price fluctuations. Users are advised to invest with caution.