CATGPT surges again, briefly breaking through $20 million before pulling back, with its market cap now reported at $15.62 million.

BlockBeats news, September 12th, according to GMGN market data, after an afternoon of wash trading and volatility, the Robinhood ecosystem Meme coin CATGPT surged again, briefly breaking through $20 million before pulling back, with its market cap now at $15.62 million, up 41% in the past hour.

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, focused 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 pairs, 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 traditional markets since it is not listed, and on-chain exposure is provided through such tokenized long positions + Meme pairings for speculative exposure. This is an upgraded version of the previous玩法 with stock token pairings like NVDA paired with Meme coins.

BlockBeats reminds users that the price of related tokens fluctuates greatly, there is significant uncertainty, and users should invest with caution.