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Data: Robinhood Meme Coin WALLET market value exceeds 50 million USD, daily increase over 57% continues to set a new historical high

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According to GMGN data, the market capitalization of the Meme coin WALLET on the Robinhood Chain briefly surged past 50 million USD, setting a new historical high, with an intraday increase of over 57%, currently reported at 46.88 million USD.In terms of narrative, on-chain researchers in the community have found that wallets related to the deployment of WALLET appear to have financial connections with wallets associated with Robinhood co-founder Vlad Tenev. Additionally, some addresses had on-chain activity weeks before the official announcement of Robinhood Chain, and a cluster of wallets has been pointed out as being related to a product manager at Robinhood. As a result, the community has speculated about it being a potential "team-related secret issuance" narrative, drawing parallels with the early path of TIBBIR on Base. Currently, there has been no confirmation from Robinhood, Vlad Tenev, or related individuals regarding any connection with WALLET, and the aforementioned on-chain relationships remain community speculation.According to market news, the price of the Meme coin is highly volatile, and the current core narrative of WALLET is based on unverified on-chain connections, so please be aware of trading risks.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.