The STRATTON token, associated with Stratton Market, has extended its rally, pushing its market cap to $9.5 million. It saw a 24-hour gain of over 70% with $2.1 million in trading volume. Launched on September 3 on the Robinhood Chain, the token shares a narrative with 4Stock, tokenizing micro-cap US stocks into on-chain assets (TICKERx) to serve as a base for meme coin launches. BlockBeats cautions investors about high volatility.
According to GMGN data, the STRATTON token from the Stratton Market project has continued its upward trend, reaching a market capitalization of $9.5 million as of September 8. The token surged over 70% in the past 24 hours, with $2.1 million in trading volume.
Launched on September 3, STRATTON operates on the Robinhood Chain and follows a narrative similar to the widely popular 4Stock. The project combines "U.S. penny stocks" with "meme launches" by first tokenizing micro-cap stocks listed on the NYSE and NASDAQ into on-chain tokens (dubbed TICKERx, e.g., TOONx, DSSx, AIXIx) on a one-share-per-token basis. These stock tokens are then used as pricing assets to facilitate the launch of new meme coins.
BlockBeats reminds investors that token prices are highly volatile and advises caution.
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