Robinhood Chain's JINQIAN Token Surges 210% Intraday Amid Market Speculation

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On-chain data from MetaEra shows that JINQIAN, the native token of Robinhood Chain, surged over 210% intraday on September 2 (UTC+8), briefly reaching a $16 million market cap before retreating to $8.45 million. On-chain analysis suggests the spike may be linked to trader Rune’s plan to tokenize low-cap Nasdaq stocks and launch paired meme coins. Rune reportedly spent $1.8 million to acquire 37.4% of a Nasdaq-listed company and intends to tokenize its shares on Robinhood Chain. No direct connection between JINQIAN and Rune’s plan has been confirmed. Odaily notes that this narrative remains unverified, and meme coin prices are highly volatile, advising caution in trading.

ME News reports that, on September 2 (UTC+8), according to GMGN data, the Robinhood Chain ecosystem token JINQIAN briefly reached a market cap of $16 million before retreating to $8.45 million, rising over 210% on the day. Market interest may be linked to trader Rune’s recently disclosed plan for “tokenizing low-market-cap Nasdaq stocks + Meme coins.” Rune stated that he has invested 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, alongside launching a Meme coin paired with the tokenized stock. It remains unconfirmed whether JINQIAN is directly connected to Rune’s stated plan. Odaily reminds users that this narrative has not been officially verified; Meme coins are highly volatile—please be aware of trading risks. (Source: ODAILY)

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