Robinhood meme coin FLYBRAIN briefly pushed its market cap above $30 million after attention tied to an account followed by Andreessen Horowitz co-founder Marc Andreessen, according to GMGN data. The token’s intraday gain exceeded 670x before its market cap was quoted at $29.3 million. The move highlighted how quickly meme coins can reprice when high-profile names draw market attention. Odaily, which cited the data, also warned that meme coins are highly volatile and can be heavily influenced by celebrity attention and shifts in market sentiment. Traders were advised to stay alert to the risks.
Robinhood meme coin FLYBRAIN briefly saw its market cap rise past $30 million after attention linked to an account followed by Andreessen Horowitz (a16z) co-founder Marc Andreessen, according to GMGN data.
The token posted an intraday gain of more than 670x and was later quoted at a $29.3 million market cap.
Odaily said meme coins can see sharp price swings and are easily affected by celebrity attention and market sentiment, and warned traders to be mindful of the risks.
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