Robinhood Meme Coin MEME Market Cap Briefly Hits $150 Million

The MEME coin on the Robinhood chain briefly surpassed a market capitalization of $150 million, reaching a new high before settling at approximately $133 million with a 132.6% gain in one hour. This follows Robinhood's announcement that its on-chain stock token DEX volume exceeded $3 billion in 63 days. The move drew criticism from AMC CEO Adam Aron, leading to a public dispute with Robinhood CEO Vlad Tenev, with Aron threatening potential legal action.