Robinhood Meme Coin SLINK Market Cap Surges to $70M Before Dropping to $16M

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SLINK, an altcoin to watch on Robinhood Chain, saw its market cap surge to $70 million before dropping to $16 million. The token is linked to ShivoLink, a social experiment backed by Neuralink. On-chain data shows sharp inflows prior to the peak. ShivoLink connects multiple Neuralink users to a shared X account via a brain-computer interface. Shıvon Zilis, a Neuralink co-founder, endorsed the project, and Elon Musk reacted with a '💯' to a related tweet. Odaily notes the altcoin’s volatility and states that the SLINK-ShivoLink connection remains unconfirmed.

Odaily Planet Daily reports, according to GMGN data, the meme coin SLINK on Robinhood Chain briefly reached a market cap of $70 million before quickly declining to approximately $16 million.

It is understood that the SLINK narrative originates from ShivoLink, a social experiment supported by Neuralink. The project connects multiple Neuralink users to a single X account, enabling them to post content via brain-computer interfaces. Neuralink co-founder Shıvon Zilis publicly endorsed the project, after which Elon Musk responded to the related tweet with “💯,” sparking community attention.

Odaily reminds users that meme coin prices are highly volatile, and the official relationship between SLINK and the ShivoLink project has not been confirmed. Users are advised to prioritize asset security and participate cautiously.

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