Robinhood Chain ecosystem Meme coin HMM surged by 167%, with a market capitalization surpassing $20 million

BlockBeats News, August 12, according to GMGN monitoring, Robinhood Chain's Meme coin HMM (Thinking Cat) continued to rise, reaching a peak market capitalization of about $20.68 million, hitting a new all-time high; currently trading at around $19.11 million, with a 24-hour price increase of about 167% and a trading volume of approximately $2.3 million.

It is reported that this Meme coin is mainly centered around the Wirebot's initial release/demonstration Meme overlay of the PONS head ecosystem narrative. When Wirebot previously opened coin issuance and trading directly through X Posts, it used Thinking Cat (HMM) as a public demonstration case, giving it the early native Meme label on the Robinhood Chain; recently, the surge may be driven by the heating up of PONS and the Robinhood Chain as well as the alpha launch on a certain exchange platform.

BlockBeats Note: Meme coins experience extreme price volatility, relying heavily on market sentiment and conceptual speculation, with no real value or use case. Investors should be cautious of the risks.