CATGPT surges, briefly hits $20 million market cap before pulling back

The Robinhood-ecosystem meme coin CATGPT experienced a significant rally, briefly surpassing a $20 million market cap before settling at $15.62 million, marking a 41% increase over the past hour. The token is traded on the Long.xyz platform, which pairs meme coins with tokenized U.S. stocks like OPENAIx1L. This model aims to combine meme-driven sentiment with asset-backed exposure. Market reports note high volatility and significant uncertainty surrounding the token, advising investors to exercise caution.