The meme-based project MEME's native token is showing strong momentum, with a market capitalization approaching $50 million to hit a new all-time high.

BlockBeats News, September 4th, according to GMGN data, the Robinhood Chain's stock meme project MEME continued to surge, approaching a $50 million market cap, now retraced to $42 million, with a 24-hour gain of over a thousand-fold, and a trading volume as high as $34 million.

MEME utilizes the stock trading platform Robinhood, tokenizing the American stock AMC Entertainment (ticker symbol AMC) as the base pair, using the MEME/AMC trading pair to provide 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 paired with on-chain stock tokens (such as NVDA, TSLA, AAPL, etc.), preserving the speculative nature of meme coins with high volatility and community drive, while leveraging the popularity and narrative of real stocks. Transaction fees often flow back partially to the community treasury to accumulate the corresponding stock tokens, forming a dual-driving model of "sentimental hype + real asset anchoring." The price is highly volatile, so investment should be approached with caution.