Meme coin CATGPT's market cap briefly surpassed $17 million, hitting a record high.

BlockBeats news, September 12th, according to GMGN market data, the market capitalization of Robinhood ecosystem Meme coin CATGPT briefly surpassed $17 million, hitting a historic high, and has now fallen back to $15.3 million, with trading volume reaching $5 million within 3 hours of launch.

CATGPT is paired for trading with OPENAIx1L (OPENAI 1x Long tokenized position) through the Long.xyz platform. Long.xyz is a meme coin issuance platform on the Robinhood chain, focusing on the innovative "coin-stock Meme" model, directly binding traditional Meme coins with tokenized US stocks to form a dual-driven mechanism of "sentiment speculation + real asset anchoring." The platform allows users to issue Meme tokens and directly pair them with on-chain US stock tokens (such as NVDA, TSLA, AAPL, etc.) for trading, rather than traditional USDT or ETH pairings, while a portion of trading fees flows back to the community treasury to accumulate corresponding US stock tokens, creating a unique value capture model.

OPENAI currently has high IPO expectations, but it is difficult to directly go long in the traditional market since it is not listed; on-chain, such tokenized long positions + Meme pairings provide speculative exposure. This is an upgraded version of the previous gameplay involving stock tokens like NVDA paired with Meme coins.

BlockBeats reminds users that the prices of related tokens are highly volatile and subject to significant uncertainty, and users should invest with caution.