BUN market cap exceeds $28M in 19 hours, volume reaches $10.2M

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The Robinhood chain meme token Bundle Cat (BUN) reached a market cap of $28 million in 19 hours, with trading volume hitting $10.2 million. As reported by ChainThink, the token’s transaction volume surged rapidly after launch. BUN is the first token from Mosh, an experiment using community staking and AI market-making to ensure fair launches. It is not a governance token, and no official endorsement has been confirmed. Meme tokens like BUN often lack real utility and are subject to high volatility, so investors should carefully assess the risks.

ChainThink reports that, on September 3, according to GMGN data, Robinhood's on-chain meme token Bundle Cat (BUN) surpassed a market capitalization of $28 million, reaching a new all-time high;

In 19 hours since launch, trading volume reached $10.2 million. BUN is Mosh’s mascot and first experimental coin.

Mosh is an experiment for Robinhood's on-chain token launch rules, featuring a fair launch narrative centered on "community lock-up + AI market-making" to prevent packers from hoarding and dumping tokens.

Please note that this token is not a finalized governance token, and whether it is officially endorsed remains to be seen—investors should assess the risks themselves. Meme coins typically lack real-world use cases and are subject to significant price volatility.

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