GRASS, a meme coin on the Robinhood ecosystem, briefly reached a market cap of $13.6 million on September 5, setting a new all-time high before dropping to $8.3 million. The token saw a 24-hour gain of 111% and trading volume of $8.7 million. The coin blends the 'Touch Grass' internet meme with a 'stock version of Pokémon GO' game, allowing users to collect tokenized stock fragments (such as AAPL, NVDA, TSLA, GME) at real-world locations like Apple stores and Tesla showrooms. BlockBeats warns users about the high volatility and lack of utility typical of meme coins, advising caution.
GRASS Market Cap Peaks at $13.6M, 24-Hour Surge Over 111%
On September 5, data from GMGN showed that the Robinhood ecosystem meme coin GRASS briefly surpassed a market cap of $13.6 million, setting a new all-time high. The market cap has since retreated to $8.3 million. The token posted a 24-hour gain of 111%, with trading volume reaching $8.7 million.
Location-Based ‘Stock Pokémon GO’ Gameplay
GRASS combines the viral 'Touch Grass' internet meme with a 'stock version of Pokémon GO' concept. According to the project, it is a location-based game where tokenized stock fragments (including AAPL, NVDA, TSLA, GME on the Robinhood Chain) are “spawned” at the real-world locations of the corresponding companies — such as Apple stores, GameStop, and Tesla showrooms. Users can walk near these spots and click to collect the fragments into their wallets.
Risk Warning
BlockBeats reminds users that most meme coins lack real-world utility and are subject to extreme price volatility. Investors are advised to protect their assets and avoid FOMO.
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