According to a BlockBeats report on September 1, market data from GMGN shows that MOO, a meme coin paired with Micron stock on the Long.xyz platform, has pushed its market capitalization beyond $18 million. The current figure stands at $18.27 million, representing a single-day gain of more than 330%. The project is classified under the 'Stock Meme' concept, an emerging approach that directly links traditional meme coins with tokenized US equities. In this model, meme coins are not paired with USDT or ETH. Instead, they form trading pairs with on-chain US equity tokens such as NVDA, TSLA, and AAPL. This structure preserves the high volatility and community-driven speculative nature of meme coins, while also tapping into the popularity and narrative of real stocks. Additionally, trading fees collected from these pairs often partially flow back to the community treasury, where they accumulate the corresponding stock tokens. As BlockBeats explains, this mechanism creates a dual-drive model that combines sentiment-driven speculation with real-asset anchoring.
BlockBeats reported on September 1 that GMGN market data shows MOO, a meme coin paired with Micron stock on the Long.xyz platform, has taken its market capitalization past $18 million. Right now, the number is $18.27 million, which means a one-day jump of more than 330%.
The project falls under the "Stock Meme" concept, a newer setup that ties traditional meme coins directly to tokenized US equities. Here’s the break from the usual model. These meme coins are not paired with USDT or ETH. They trade instead against on-chain US equity tokens like NVDA, TSLA, and AAPL. That setup keeps the wild price swings and crowd-fueled speculative character of meme coins, while also leaning on the popularity and story around real stocks. And trading fees from these pairs often send part of the proceeds back to the community treasury, where the matching stock tokens build up over time. So the result is a dual-drive model: sentiment-led speculation on one side, real-asset anchoring on the other.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
