PANews, September 2: According to GMGN data, the Robinhood Chain-based meme coin FAMI briefly surged past $30 million, reaching a high of $30.99 million, and is currently trading at approximately $29.1 million, up over 452.5% today. The stock of Nasdaq-listed company Farmmi (FAMI) also rose sharply today, sparking market speculation that the rally may be linked to trader Rune’s newly disclosed plan for “tokenization of 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, while simultaneously launching a meme coin paired with the tokenized stock.
Robinhood meme coin FAMI market cap exceeds $30M, surging over 450%
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Summary
Meme coin news: FAMI, a meme coin on the Robinhood Chain, briefly reached a market cap of $30.99 million, surging over 452.5% in a single day before settling around $29.1 million. The surge 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 a 37.4% stake in a Nasdaq-listed company and intends to tokenize those shares on the Robinhood Chain. Market activity in this space continues to grow.
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