Robinhood Chain's FAMI Token Surges 750% in 24 Hours, Market Cap Reaches $46M

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On-chain data shows that Robinhood Chain’s FAMI token surged over 750% in 24 hours, reaching a $46 million market cap on September 2. The spike may be linked to trader Rune’s plan to tokenize low-cap Nasdaq stocks and launch meme coins. Rune reportedly purchased 37.4% of a Nasdaq-listed company for $1.8 million, with plans to tokenize the shares on Robinhood Chain. On-chain analysis reveals no confirmed connection between FAMI and Rune’s strategy. Odaily warns of high volatility in meme coin prices, noting that the narrative remains unverified.

On September 2, according to GMGN data, the Robinhood Chain ecosystem token FAMI briefly reached a market cap of $46 million, surging over 750% on the day, and is currently trading at $45.8 million.

The market is paying attention, possibly in connection with 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 related 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.

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