BlockBeats reported on September 4 that, according to GMGN data, the market capitalization of the Robinhood Chain stock meme project MEME has dropped below $100 million, currently standing at $98 million, down over 35% from its peak of $151 million.
MEME leverages the stock trading platform Robinhood, pairing with tokenized AMC Entertainment (NYSE: AMC) shares as its base pool, using a MEME/AMC trading pair to provide liquidity.
Editor's note: Stock Meme (or “Gequan Meme”) is an emerging concept that combines traditional meme coins with tokenized U.S. stocks. Instead of pairing with USDT or ETH, meme coins trade directly against on-chain stock tokens (such as NVDA, TSLA, AAPL), retaining the high volatility and community-driven speculation of meme coins while anchoring to the narratives and heat of real stocks. Trading fees often partially flow back to the community treasury, accumulating corresponding stock tokens, creating a dual driving mechanism of “sentiment speculation + real asset anchoring.” Prices are highly volatile; invest with caution.