Robinhood Meme Coin $1 Surges Over 650x, Market Cap Briefly Hits $3 Million

According to GMGN data, the Robinhood Chain-based meme coin $1 saw its market cap briefly exceed $3 million, currently hovering around $2.39 million, marking a daily gain of over 650x. The token is inspired by the commemorative Trump coin, which the U.S. Treasury plans to issue this fall to celebrate the nation's 250th anniversary. The coin features a portrait of Donald Trump on one side and the presidential seal on the other. Investors are advised to exercise caution due to high volatility and sensitivity to market sentiment.