Robinhood Chain's JINQIAN Token Surpasses $60M Market Cap, Rises Over 13x in 24 Hours

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Token launch news: JINQIAN, the Robinhood Chain ecosystem token, reached a $60 million market cap on September 2, surging over 13x in 24 hours, according to GMGN data. The token is now valued at $57.13 million. On-chain reports suggest the rally may be linked to trader Rune’s plan to tokenize low-cap Nasdaq stocks and launch paired meme coins. Rune stated he owns 37.4% of a Nasdaq-listed company, acquired for $1.8 million, and intends to tokenize the shares on Robinhood Chain. No direct connection to JINQIAN has been confirmed. Odaily notes this narrative 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 $60 million, surging over 13-fold intraday, and is currently trading at $57.13 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 is directly related 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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