The meme-based token project MEME has seen its market capitalization drop below $100 million, falling over 35% from its peak.

BlockBeats News, September 4th, according to GMGN data, the market cap of the Robinhood Chain's Stock Meme project MEME has dropped below $1 billion, now at $980 million, down over 35% from its peak of $1.51 billion.

MEME utilizes the stock trading platform Robinhood to pair tokenized AMC Entertainment stock (ticker symbol AMC) as the base asset, providing liquidity through the MEME/AMC trading pair.

BlockBeats Note: Stock Meme is an emerging trend that directly combines traditional meme coins with tokenized U.S. stocks: Meme coins are no longer paired with USDT or ETH but directly paired with on-chain tokenized stocks (such as NVDA, TSLA, AAPL, etc.), retaining the speculative nature being community-driven. This setup leverages the popularity and narrative of real stocks, where trading fees often flow back to the community treasury to accumulate the corresponding stock tokens. This creates a dual-driven model of "emotion-driven hype + real asset anchoring." Due to significant price volatility, investment caution is advised.