GMGN data shows that meme coin GIGATENEV on Robinhood briefly reached a market capitalization of $6.51 million, with its 4-hour gain exceeding 12x before the figure pulled back to about $4.15 million. On the news side, Robinhood CEO Vlad Tenev followed the Giga Tenev X account around midday today. The move coincided with sharp price action in the token. Odaily noted that meme coins can see large swings in valuation over short periods and reminded investors to approach such trades with caution. No other details were provided in the report.
According to GMGN data, meme coin GIGATENEV on Robinhood briefly reached a market capitalization of $6.51 million. Its gain over the past four hours exceeded 12x, and its market cap was later reported at about $4.15 million.
On the news front, Robinhood CEO Vlad Tenev followed the Giga Tenev X account around midday today.
Odaily reminded users that meme coins are highly volatile and said investors should participate with caution.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
