Meme Coin MOO, Linked to Micron Stock, Surpasses $18M Market Cap on Long.xyz

iconKuCoinFlash
Share
AI summary iconSummary
On-chain data shows that the meme coin MOO, linked to Micron stock on Long.xyz, has reached an $18.27 million market cap, surging over 330% in a single day. This "Stock Meme" trend pairs meme coins with tokenized U.S. stocks, rather than stablecoins or ETH. On-chain analysis reveals that trading fees often flow into community token reserves.

BlockBeats news, September 1: According to GMGN market data, the meme coin MOO, paired with Micron stock on Long.xyz, has surpassed a market cap of $18 million, currently trading at $18.27 million, with a single-day increase of over 330%.


BlockBeats Note: Stock Meme is an emerging trend that directly combines traditional meme coins with tokenized U.S. stocks: instead of being paired with USDT or ETH, meme coins are now paired directly with on-chain tokenized stocks (such as NVDA, TSLA, AAPL, etc.), retaining the high volatility and community-driven speculative nature of meme coins while leveraging the popularity and narratives of real stocks. Trading fees are often partially funneled back into a community treasury to accumulate the corresponding tokenized stocks, creating a dual-driving model of “emotional hype + real asset backing.”

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.