Meme coin WALLET's market cap briefly surpassed $60 million, hitting a record high.

BlockBeats news, September 10, according to GMGN market data, the market capitalization of Robinhood ecosystem Meme coin WALLET briefly surpassed $60 million, hitting a historic high, and has now fallen back to $53.17 million, with a 24-hour increase of 64%, while trading volume during the same period reached $2.2 million.

The token was issued through Noxa on July 10, and its deployer wallet is linked to the funding of Robinhood CEO Vlad Tenev's demo wallet and interactions with product manager Seong Lee.

BlockBeats reminds users: Most Meme coins have no practical use cases and are subject to significant market volatility. Pay attention to asset protection and do not FOMO.