According to GMGN data, the market cap of $1, a Meme coin on the Robinhood Chain ecosystem, has surpassed $5 million, peaking at $5.9 million, with a 24-hour gain of over 990x. The narrative of $1 is centered around the "Trump $1 commemorative coin." Earlier reports indicated that the U.S. Treasury plans to issue a Trump commemorative coin to celebrate the 250th anniversary of the nation's founding. The Wall Street Journal recently disclosed that the new coin is being minted in Philadelphia and will be officially launched this fall. The coin features Trump's portrait on one side and the bald eagle from the presidential seal on the other. Odaily reminds investors that Meme coins are highly volatile and susceptible to market sentiment and hot events, urging caution.
GMGN data shows the market cap of $1, a Meme coin in the Robinhood Chain ecosystem, has pushed past $5 million and hit a high of $5.9 million. In the last 24 hours, the token has jumped more than 990x.
The story behind $1 comes from the "Trump $1 commemorative coin." Earlier reports said the U.S. Treasury Department plans to issue a Trump commemorative coin for the 250th anniversary of American independence. The Wall Street Journal recently said the new coin is being minted in Philadelphia and is expected to be officially released this fall. One side carries Trump's portrait. The other shows the bald eagle from the presidential seal.
Odaily warned that Meme coin prices can swing wildly and are easily swayed by market sentiment and trending events, and advised investors to stay alert to trading risks.
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