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Robinhood Chain-based stock meme coin project GME, short for Greatest Meme Ever, surged past a $3.6 million market cap within its first hour after launch, according to GMGN data. The token has since pulled back to around a $2 million market cap while posting $3.6 million in trading volume.
The project uses tokenized GameStop shares on Robinhood Chain, tied to the stock ticker GME, as the underlying asset pair and supplies liquidity through the GME memecoin/GME stock token pair.