ChainCatcher report: According to GMGN market data, the meme coin ROUTE on Robinhood Chain surpassed a market cap of $13 million earlier today, before retreating to $7.2 million, achieving a intraday gain of over 990x. The project is described as a DEX aggregator on Robinhood, and the community has linked it to the developers of Pear Protocol in an attempt to build a narrative around technical credibility. Meme coin prices are highly volatile—please be aware of trading risks.
ROUTE market cap surges over 990x in a day before retreating
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Summary
ROUTE, one of the altcoins to watch, saw its market cap surge over 990x in a single day, reaching $13 million before retracting to $7.2 million. The meme coin is associated with a DEX aggregator on the Robinhood Chain and has attracted attention from on-chain data. Developers connected to Pear Protocol are involved in the project. Meme coins often exhibit extreme volatility, and traders are advised to remain cautious.
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