WALLET, a meme token tied to the Robinhood ecosystem, briefly pushed its market capitalization above $76 million on Sept. 13, setting a new all-time high before pulling back to $63 million, according to GMGN market data. The token was still up 33% over the past 24 hours, with trading volume reaching $1.9 million over the same period. WALLET was issued through Noxa on July 10. BlockBeats said the deployer wallet has links to funds from a demo wallet associated with Robinhood CEO Vlad Tenev and has also interacted with product manager Seong Lee. The outlet also warned that most meme tokens lack practical use cases and can see sharp price swings, urging users to protect their assets and avoid FOMO-driven trades.
WALLET, a meme token in the Robinhood ecosystem, briefly saw its market capitalization rise above $76 million on Sept. 13, setting a new all-time high before retreating to $63 million, according to GMGN market data.
The token was up 33% over the past 24 hours, while trading volume reached $1.9 million during the same period.
WALLET was issued through Noxa on July 10. According to BlockBeats, the deployer wallet is linked to funds from a demo wallet associated with Robinhood CEO Vlad Tenev and has also interacted with product manager Seong Lee.
BlockBeats added a risk warning, saying most meme tokens do not have practical use cases and tend to be highly volatile, and urged users to protect their assets and avoid FOMO.
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