Meme Stock Frenzy Continues on Robinhood Chain, "AI" Meme Coin Surges to a New All-Time High with a Market Cap of Over $17 Million

BlockBeats News, July 23rd, according to GMGN market data, a meme frenzy of US stocks on the Robinhood Chain. As of the time of writing, the meme coin "AI" briefly surpassed a $17 million market cap, currently standing at $15.01 million, reaching a new all-time high. The coin's 24-hour trading volume has reached $9.8 million.

The meme coin "AI" was issued on the Robinhood Chain through the token issuance platform long.xyz. This meme coin is paired with the Nvidia stock token, aligning well with the Robinhood Chain's vision and CEO Vlad's "meme+RWA" online narrative.

Previous BlockBeats analysis pointed out that US stock memes are likely to become a new popular trend on the Robinhood Chain, potentially serving as Robinhood's unique feature and a significant upgrade to the meme coin narrative.

Furthermore, following the hype of the meme coin "AI," the long.xyz platform has recently issued several meme tokens paired with various stock tokens, most of which have relatively small market caps and experience large price fluctuations, so users should invest with caution.