TENDIES, a meme token on the Robinhood chain, has pushed its market capitalization past $24 million, according to GMGN market data cited by BlockBeats. The 24-hour gain stands at 27.4%, and the token is said to have hit a recent high. Trading volume during the same period reached approximately $2.1 million. The name 'TENDIES' is rooted in an internet meme widely used by retail investors on U.S. stock forums and Reddit. 'Tendies' refers to chicken tenders, a playful symbol of grassroots victory — ordinary traders making money and celebrating with a plate of chicken at home. BlockBeats has appended a risk notice, reminding investors that meme coins are prone to huge price swings, are driven mostly by market emotion and concept hype, and generally lack real value or use cases. As with any speculative asset, caution is advised. The data was highlighted in a BlockBeats news alert on Aug. 5.
According to BlockBeats, on Aug. 5, GMGN market data showed that TENDIES, a meme token on the Robinhood chain, saw its market capitalization surpass $24 million, up 27.4% in 24 hours and hitting a recent high. Trading volume over the past 24 hours reached about $2.1 million.
The token's name derives from "tendies" (chicken tenders), an internet meme popular among U.S. retail investors and Reddit communities. It represents the grassroots feeling of victory when ordinary retail traders make money and go home to celebrate by eating chicken tenders.
BlockBeats notes that meme coin trading is highly volatile, driven largely by market sentiment and concept hype, and these tokens often have no real value or use case. Investors should be mindful of the risks.
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