Robinhood Chain ecosystem Meme coin HMM surged by 167%, with a market capitalization surpassing $20 million

August 12, according to GMGN monitoring, Robinhood Chain's Meme coin HMM (Thinking Cat) continued to rise, reaching a peak market cap of around $20.68 million, hitting a new all-time high; currently trading at around $19.11 million, with a 24-hour increase of about 167% and a trading volume of around $2.3 million.

It is reported that the Meme coin is mainly centered around the Wirebot's initial release/demonstration of Meme overlay PONS head ecosystem narrative. Wirebot previously opened coin issuance and trading functions directly through X posts, using Thinking Cat (HMM) as a public demo case, which earned it the early native Meme tag on the Robinhood Chain; recently, driven by the heat of PONS and the Robinhood Chain and the alpha launch on a certain trading platform.

Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or use case; investors should be aware of the risks.