Meme Coin Project MEME Surpasses $20 Million Market Cap, Surges 800x in 24 Hours

BlockBeats News, September 4th, according to GMGN data, the market cap of Robinhood Chain's stock meme project MEME briefly exceeded $20 million, reaching a new high, and is currently at $17 million, with a 24-hour increase of over 800 times and a trading volume of $16.2 million.

MEME leverages the stock trading platform Robinhood to tokenize AMC Entertainment's stock (American cinema chain company, stock symbol: AMC), using the MEME/AMC trading pair to provide liquidity.

In addition, Robinhood's stock meme project CINEMA is also paired with AMC, and the two tokens compete for liquidity.

BlockBeats Note: Stock Meme is an emerging trend that directly combines traditional meme coins with tokenized US stocks: Meme coins are no longer paired with USDT or ETH but directly linked with on-chain tokenized stocks (such as NVDA, TSLA, AAPL, etc.) to form trading pairs. This approach retains the high volatility and community-driven speculative nature of meme coins while riding on the popularity and narrative of real stocks. Transaction fees often partially flow back to the community treasury to accumulate the corresponding stock tokens, creating a dual-driving mode of "emotional hype + real asset anchoring." The price is highly volatile, so investment should be approached with caution.