PIPEDOG, a meme coin on the Robinhood chain, reached a market capitalization of more than $74.5 million within four hours of launch, according to data cited by BlockBeats from GMGN. Trading volume stood at $34.8 million at the time of the update. The move put the token on traders’ radar shortly after listing, with both market cap and turnover climbing quickly in its first hours on the market. BlockBeats also carried a risk reminder alongside the data, saying that meme coins often lack practical use cases and can see large price swings. The outlet urged users to stay cautious when making investment decisions.
BlockBeats reported on July 29, citing GMGN data, that PIPEDOG, a meme coin on the Robinhood chain, surpassed a $74.5 million market capitalization four hours after launch.
Trading volume reached $34.8 million, according to the same data.
BlockBeats also reminded users that meme coins often do not have practical use cases and tend to show sharp price volatility, urging caution when investing.
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