According to BlockBeats, on September 5, data from GMGN shows FATCOIN's market cap briefly pushed past $40 million, setting a fresh all-time high, and it now sits at $35.34 million, after a single-day jump of more than 300%.
FATCOIN was launched on the o1 platform and uses the stock trading platform Robinhood to pair with tokenized US stock Eli Lilly (LLY), the major weight-loss drug maker. This newer "Stock Meme" setup fuses classic meme coins with tokenized equities. Different twist. Instead of pairing with USDT or ETH, the meme coin is paired straight with on-chain equity tokens like NVDA, TSLA, or AAPL. It keeps the wild swings and crowd-fueled speculation that define meme coins, but ties them to the stories around real stocks. And in many cases, part of the trading fees goes back to the community treasury, which builds up the related equity tokens, forming a two-part engine of "emotional hype + real asset backing."
BlockBeats adds that the token's price swings sharply, and investors should be careful.