SHROOM hits $44 million market cap in three days, with Micron stock tokens used as holder rewards
SHROOM, a meme coin on Robinhood Chain, climbed to roughly $44 million in market capitalization just days after its first liquidity pool launched on Sept. 2. At its peak, the token reached about $58.33 million, while its main trading pool posted a 442% gain over 24 hours, according to the source article citing DexScreener data. The token was trading at $0.0432, and combined 24-hour volume across 30 pools stood at about $25.59 million. On-chain data in the report says SHROOM’s contract name is MUSHROOM, with a fixed supply of 1 billion tokens. So far, 12,682,719 tokens have been sent to a burn address, equal to 1.268% of supply. The project describes itself as a liquidity network for stock tokens, pairing SHROOM with assets such as Micron (MU), NVIDIA (NVDA), Microsoft (MSFT), Coinbase (COIN), GameStop (GME), AMC, Eli Lilly (LLY), Hims & Hers (HIMS), GLD, along with USDG and ETH. The report also says holders receive periodic MU rewards, with 251 MU already distributed by Pons. Based on Micron’s Sept. 4 close of $1,016.59, that amount was worth about $255,000. DexScreener showed around $2.92 million in liquidity across 30 pools, while the project website listed $4.04 million in TVL across 142 pools.








