Robinhood Chain Meme Token Nest surpasses $6M market cap in 24 hours

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On-chain data shows that the Robinhood Chain-based meme token Nest briefly surpassed a $6 million market cap, with a 24-hour price increase of over 990 times. Built on Pons V2, Nest utilizes minting, bonding curve, and AMM mechanisms as a launchpad for multi-stock basket tokens. Transaction fees from meme tokens are directed to the Nest Vault to purchase a pre-defined basket of stock tokens, distributed to holders proportionally based on holding duration. On-chain analysis reveals rapid growth, but Odaily warns of extreme volatility—investors should proceed with caution.

Odaily Planet Daily reports that, according to GMGN data, the Robinhood ecosystem meme coin Nest briefly surpassed a market cap of $6 million, with a 24-hour increase of over 990 times, currently trading at $5.6 million.

Nest is a multi-stock basket token launchpad built on Robinhood Chain using Pons V2. Projects directly leverage Pons V2’s token issuance, bonding curve, and AMM mechanisms, directing Creator Fees generated from Meme Token trading into the Nest Vault to continuously purchase a pre-configured basket of stock tokens, which are then distributed to Token Holders according to holding time weight.

Odaily reminds users that meme coin prices are highly volatile; investors should participate with caution.

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