According to Odaily, data from GMGN shows that the market cap of ROBINCAT, a meme coin on the Robinhood Chain, briefly surpassed $6.8 million and currently stands at around $5.2 million, marking a daily increase of over 130 times. Odaily warns of the high volatility and risks associated with meme coins.
Odaily reports that GMGN data shows ROBINCAT, a meme coin on the Robinhood Chain, briefly pushed its market cap past $6.8 million. Now it is trading near $5.2 million, which marks a daily jump of more than 130 times. And Odaily warns that meme coins can swing wildly and are easily driven by market sentiment and trending topics, so investors should stay alert to trading risks.
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