Robinhood Chain meme coin COPPERINU launched, skyrocketing to a $10 million market cap within 2 hours; the dev transferred 40% of the tokens to a KOL's wallet.

BlockBeats News, August 29th, according to GMGN market data, the Robinhood Chain meme coin COPPERINU was listed and quickly reached a market cap of $10 million within 2 hours before falling back, now trading at $8.98 million, with a trading volume of over $5.7 million.

On the news front, the token's developer transferred 40% of the tokens to crypto KOL him's wallet. him later publicly expressed willingness to develop the token into one with staking, claiming, and burn features, and to use this portion of the tokens for a community airdrop.

The inspiration for COPPERINU's meme came from a tweet by crypto KOL Cobie in January of this year. Cobie jokingly mentioned that trading the actual commodity (copper) should not worry about the "Copper Inu" stealing attention and that no one would continuously post new "copper products" on Pump.fun. Crypto KOL him had previously spearheaded the spread of the meme coin COPPERINU on SOL at that time, being seen by the community as the "top holder" of the theme and a key narrative driver.

BlockBeats reminds users that the price of related tokens is highly volatile, and user investment should be cautious.