The price surge continues after a thousandfold increase, with the meme coin project MEME reaching a new all-time high market capitalization of over $64 million.

BlockBeats News, September 4th, according to GMGN data, the market cap of Robinhood Chain's Stock Meme project MEME surpassed $64 million to hit a new high, currently at $52 million, with a 24-hour increase of over a thousand-fold and a trading volume of $49.1 million.

Meanwhile, Robinhood CEO Vlad Tenev and AMC CEO Feud Continues, with the AMC CEO criticizing the tokenization of meme stocks by Robinhood as illegal, while the Robinhood CEO jokingly responds, "What's there to worry about?"

MEME utilizes the stock trading platform Robinhood to pair with tokenized AMC Entertainment stock (AMC stock code), 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 stocks: Meme coins are no longer paired with USDT or ETH but are directly paired with on-chain stock tokens (such as NVDA, TSLA, AAPL, etc.), retaining the speculative nature and community-driven aspect of meme coins while leveraging the popularity and narrative of real stocks. Transaction fees often flow back to the community treasury to accumulate the corresponding stock tokens, forming a dual-driven model of "emotional hype + real asset anchoring." Due to significant price volatility, investment caution is advised.