Robinhood Chain's JINQIAN Token Surges 950% in 24 Hours, Market Cap Reaches $47M

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On-chain data shows that Robinhood Chain’s JINQIAN token surged over 950% in 24 hours, reaching a $47 million market cap on September 2. On-chain analysis now indicates the token’s value is at $42.74 million. The spike may be linked to trader Rune’s plan to tokenize low-cap Nasdaq stocks and launch paired meme coins. Rune stated he 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 to JINQIAN has been confirmed. Odaily notes that the plan remains unverified, and meme coin prices are highly volatile.

On September 2, according to GMGN data, the Robinhood Chain ecosystem token JINQIAN briefly reached a market cap of $47 million, surging over 950% on the day, and is currently trading at $42.74 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 JINQIAN has any direct connection to Rune’s stated 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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