Robinhood Chain meme coin BUN market cap briefly breaks $110 million, continuing to hit a new all-time high.

BlockBeats news, September 29: According to GMGN data, the on-chain Meme token Bundle Cat (BUN) on Robinhood briefly surpassed $110 million in market cap, continuing to set a new all-time high, and has now fallen back to $109 million. Its 24-hour gain is 57.2%, with trading volume of $2.9 million.

Bundle Cat (BUN) is Mosh's mascot and first experimental coin. Mosh is an experimental token issuance rule set on Robinhood Chain that has not yet fully launched, and Bundle Cat (BUN) is its first trial run. Mosh is a protocol layer built on top of the Robinhood Chain launch platform, focusing on the fair launch narrative of "community lock-up + AI market making." Note: This token is not equivalent to a finalized governance coin, and whether it will be officially endorsed remains to be seen. Investors should be aware of the risks.

BlockBeats reminds users that Meme coins mostly lack practical use cases and are subject to large price fluctuations, so investment requires caution.