BlockBeats report, September 4: According to GMGN data, the Robinhood Chain-based meme project MEME has continued to surge, briefly surpassing a market cap of $110 million, setting a new all-time high; it has since retraced to $95 million, rising over 1,000% in the past 24 hours with trading volume reaching $59.1 million.
MEME uses the stock trading platform Robinhood to create a tokenized version of the U.S. stock AMC Entertainment (ticker: AMC) as a pool pair, offering liquidity through the MEME/AMC trading pair.
The CEO of AMC posted this morning that Robinhood is advancing a project to tokenize real-world assets and stock tokens involving AMC and over 190 other companies. He stated that AMC has no association with the project, does not endorse the approach, and will require external securities lawyers to immediately review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern.
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.). This retains 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-driver model of “emotional hype + real asset backing.” Prices are highly volatile—invest with caution.