Robinhood Chain Meme Coin MEME Hits New All-Time High with $150M Market Cap

The MEME token on Robinhood Chain reached a new all-time high, briefly surpassing a $150 million market cap with a 132.6% gain in one hour. The token utilizes a liquidity pool paired with tokenized AMC Entertainment stock. This development follows recent tensions between Robinhood CEO Vlad Tenev and AMC CEO Adam Aron regarding Robinhood's on-chain stock token DEX, which has exceeded $3 billion in trading volume.