Robinhood-listed meme coin COPPERINU reaches a market capitalization of $18 million

BlockBeats News, August 29th, according to GMGN data, Robinhood Chain meme coin COPPERINU went live for 5 hours, with a market cap briefly exceeding $18 million, currently at $16.74 million, with a trading volume of $12.8 million.

Earlier, the token developer transferred 40% of the tokens to crypto KOL him wallet. him later publicly stated that he was willing to develop the token into one with staking, claiming, and burning functions, and was willing to use this portion of the tokens for a community airdrop.

The inspiration for COPPERINU comes from a tweet by crypto KOL Cobie in January this year. Cobie joked that trading real commodities (copper) doesn't need to worry about "Copper Inu" stealing the spotlight, nor will anyone keep posting new "copper products" on Pump.fun. Crypto KOL him had previously led 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 the main narrative driver.

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