MEME experiences short-term rebound exceeding 30%; Robinhood co-founder backs stock tokens

KuCoinFlash

Release Time: 2026/09/04 14:44:00

MEME

$0.000558-0.53%

Summary

The MEME price rebounded over 30% in the short term, with its market cap briefly reaching $120 million. The rebound appears to be testing a key support level. Robinhood co-founder Vlad Tenev expressed support for stock tokens on X. Odaily noted that meme coin volatility remains high, advising traders to closely monitor support and resistance levels.

Odaily Planet Daily reports that, according to GMGN data, MEME experienced a short-term rebound of over 30%, with its market cap briefly surpassing $120 million.

Robinhood co-founder Vlad Tenev previously posted on X expressing support for stock tokens. Odaily reminds users that meme coins are highly volatile—investors should proceed with caution.

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