PANews, September 4: According to GMGN data, after reaching a market cap high of $151 million, the Robinhood Meme coin MEME has seen a sustained decline, briefly falling below $40 million and currently trading at $45.31 million, down 63.31% in the past 6 hours. Previously, Robinhood announced that its on-chain stock token DEX trading volume surpassed $3 billion within 63 days, specifically highlighting coverage of over 190 companies including AMC. This sparked dissatisfaction from AMC’s CEO Adam Aron, leading to a public exchange with Robinhood’s CEO Vlad Tenev, who even threatened to ask its securities legal counsel to explore potential legal action. Meme coins are highly volatile—investors should proceed with caution.
Robinhood Meme Coin MEME market cap drops 63% in 6 hours
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Summary
The Robinhood meme coin MEME is among the altcoins to watch, as its market cap dropped 63.31% in six hours, falling from $151 million to $45.31 million. Robinhood’s on-chain stock token DEX trading volume reached $3 billion in 63 days, covering over 190 companies such as AMC. This development ignited a public dispute between AMC CEO Adam Aron and Robinhood’s Vlad Tenev, with legal threats cited. Meme coin prices remain highly volatile; investors should proceed with caution.
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