BlockBeats News, July 23rd, according to the GMGN market data, a meme stock frenzy is underway on the Robinhood Chain. As of the time of writing, the meme coin "AI" briefly surpassed a $17 million market capitalization, currently standing at $15.01 million, reaching a new all-time high. The coin has seen a 24-hour trading volume of $9.8 million.

The meme coin "AI" was issued on the Robinhood Chain's native token issuance platform, long.xyz. This meme coin is paired with the NVIDIA stock token, aligning well with the Robinhood Chain's vision and CEO Vlad's "meme+RWA" online vision.

Earlier analysis by BlockBeats pointed out that meme stocks are likely to become a new popular trend on the Robinhood Chain, potentially becoming Robinhood's unique feature and a significant update to the meme coin narrative.

Furthermore, following the surge of the meme coin "AI," long.xyz has recently issued several meme tokens paired with various stock tokens, most of which have relatively small market caps and high price volatility, requiring users to invest with caution.