Robinhood Chain ecosystem meme coin HMM rose 167%, surpassing $20 million in market capitalization

Comparative news, according to GMGN monitoring, Robinhood Chain's ecological meme coin HMM (Thinking Cat) continued to rise, with a market capitalization of about US$20.68 million, a record high; tentatively reported at around US$19.11 million, a 24-hour increase of about 167%, with a turnover of about US$2.3 million during the same period.

According to reports, the meme coin mainly revolves around the Wirebot launch/demonstration meme superimposed on the PONS header ecological narrative. Wirebot previously used Thinking Cat (HMM) as a public demonstration to obtain Robinhood Chain's early native meme label when it launched the direct coin issuance and transaction function through X posts; recently, the rise may have been driven by the rise in popularity of PONS and Robinhood Chain and the launch of alpha on a trading platform.

Note: Meme coin transactions are highly volatile, mostly dependent on market sentiment and conceptual hype, and have no real value or use cases. Investors should be aware of risks.