NUDES, a meme coin on Robinhood Chain whose full name is Send Nudes, surged as much as 304% in less than two days after launch. At press time, the token was trading at $0.01621 with a market capitalization of about $16.22 million.
Market data cited from DEX Screener and GMGN showed that NUDES had earlier reached a market cap high of $15.94 million, then pulled back to $14.27 million, leaving it up 257.5% over 24 hours at that point. That high was later exceeded, according to the report. DEX Screener data also showed the token rose 85% over the past six hours and 10.9% in the most recent hour.
Across all pools, 24-hour trading volume was about $14.16 million. In its main pool, there were 4,592 buy transactions and 3,738 sell transactions, with buys outnumbering sells.
The largest liquidity pool is paired with Snap’s stock token
The structure of NUDES trading has drawn as much attention as the price move. Its biggest liquidity pool, valued at about $527,000, is paired not with USDG or ETH, but with SNAP, the tokenized stock version of Snap on Robinhood Chain.
The report linked this to the recent “coin-stock pairing” trend on Robinhood Chain. In that setup, meme coins are paired against tokenized U.S. stocks instead of stablecoins. As described in the source, buyers of the meme coin are effectively taking exposure to the related stock at the same time.
The choice of Snap is tied to the token’s branding. NUDES references the old internet phrase “Send Nudes” from the Snapchat era, while Snap is the parent company of Snapchat.
NUDES has 30 trading pools in total. Of those, 14 are paired with ETH, 13 with the stablecoin USDG, and two with SNAP. Even so, the deepest liquidity sits in the SNAP pool, where most of the capital is concentrated.
Strong rally, but still outside the chain’s top 50
Despite the sharp move, NUDES is still small compared with the broader meme coin segment on Robinhood Chain. According to CoinGecko data cited in the report, the chain’s meme coin category has a combined market capitalization of about $837 million, up 35.6% over 24 hours.
Artificial Inu leads the category with a market cap of about $267 million, followed by Cash Cat at about $248 million. Against that backdrop, NUDES at roughly $16.22 million still does not rank inside the top 50 on the chain.
Tokenized stocks and meme coins are expanding side by side on Robinhood Chain
The source noted that Robinhood launched the chain with a focus on bringing real-world assets on-chain. Decrypt’s tally from July put the tokenized stock segment on Robinhood Chain at about $13 million. Over the same period, Cash Cat alone had a market capitalization of $150 million.
That comparison shows how quickly meme coins have grown on the network relative to the tokenized stock segment.
What is NUDES?
Based on the source material, NUDES is a meme coin on Robinhood Chain that launched on Sept. 1. At press time, it carried a market capitalization of about $16.22 million and was up 304% over 24 hours.
What does coin-stock pairing mean?
In the report, the term refers to a liquidity pool structure in which a meme coin is paired with a tokenized U.S. stock instead of a stablecoin. For NUDES, the largest pool is paired with Snap’s stock token.