Robinhood CEO follows meme coin X account, which briefly surged over 17 times.

BlockBeats news, October 20: Robinhood CEO Vlad Tenev followed the meme coin Giga Tenev X account. Possibly influenced by this, according to GMGN market data, GIGATENEV surged 17x in a short time, with a market cap now reported at $5.26 million.

It should be noted that this token was not launched through a mainstream issuance platform. Previous analysis pointed out that the token was mostly bought by newly created wallets, and Vlad Tenev's account follow action may also be the result of hacking. Therefore, the related token may carry significant risks, and users should invest with caution.