MEME Token Market Cap Hits Record $52 Million on Robinhood Chain

According to GMGN data on September 4, the market capitalization of the Robinhood Chain-based meme project MEME briefly surpassed $52 million, setting a new all-time high. The token is currently trading at a market cap of $44.53 million, marking a 24-hour increase of over 1,000 times. The project utilizes the Robinhood trading platform and provides liquidity through the MEME/AMC trading pair, which is backed by tokenized shares of the U.S. theater company AMC Entertainment.