Robinhood Chain's FAMI Token Surges 380% in 24 Hours, Market Cap Reaches $25.5M

iconKuCoinFlash
Share
AI summary iconSummary
FAMI, one of the altcoins to watch, surged 380% in 24 hours, pushing its market cap to $25.5 million. On-chain data indicates the spike followed Rune’s announcement to tokenize low-market-cap Nasdaq stocks and launch paired meme coins. Rune claimed he purchased 37.4% of a Nasdaq-listed company for $1.8 million, with plans to tokenize the shares on Robinhood Chain. No direct connection to FAMI has been confirmed. Odaily warns that the story remains unverified and meme coin prices are highly volatile.

According to GMGN data, the Robinhood Chain ecosystem token FAMI briefly reached a market cap of $26 million, surging over 210% on the day, and is currently trading at $25.5 million.

The market is paying attention, possibly in relation to Rune’s recently disclosed plan for “tokenization of low-market-cap Nasdaq stocks + meme coins.” Rune stated that he has spent approximately $1.8 million to acquire a 37.4% stake in a Nasdaq-listed company and plans to tokenize the associated equity on Robinhood Chain, while also launching a meme coin paired with the tokenized stock. It is currently unconfirmed whether FAMI is directly linked to Rune’s described plan.

Odaily reminds you that the related narrative has not been officially confirmed, and meme coin prices are highly volatile—please be aware of trading risks.

Source:Show original
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.