Robinhood co-founder follows MEME account, token surges 2x in short time

KuCoinFlash

Release Time: 2026/09/06 23:52:39

MEME

$0.000504-10.63%

Summary

Robinhood co-founder Vlad Tenev followed the official MEME token account on September 7, bringing the altcoin into the spotlight. The token’s market cap nearly doubled, reaching $174 million before settling at $83.58 million. On-chain data shows a 24-hour gain of over 100%. KOLs such as Bonk Guy had already accumulated the token the previous day. MEME is paired with AMC stock on Robinhood, providing liquidity through the MEME/AMC trading pair.

BlockBeats news, on September 7, Robinhood co-founder Vlad Tenev followed the official MEME account, a meme coin paired with AMC stock, which crossed the $100 million mark on Friday. Affected by this, according to GMGN market data, the market cap of MEME briefly surged nearly twofold, peaking at $174 million before retracing; it is now trading at $83.58 million, with a 24-hour gain exceeding 100%.

Notably, yesterday, several FOMO platform KOLs, including Bonk Guy, significantly increased their positions in MEME tokens.

MEME uses the stock trading platform Robinhood to create a tokenized version of the U.S. stock AMC Entertainment (ticker: AMC) as a pool pair, providing liquidity through the MEME/AMC trading pair.

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