Robinhood Chain GME Meme Coin Market Cap Surges Past $20M Amid Stock Token Premium

GME meme token on Robinhood Chain hit $20M cap, driven by arbitrage loops with official stock token. High volatility risk persists as premiums narrow.

Woofun AI reports that the GME meme coin on the Robinhood Chain briefly exceeded a $20 million market capitalization, currently settling around $17.1 million with 24-hour trading volume near $23.9 million. Launched via Bankr, this asset leverages GameStop retail culture and pairs with the official GME Stock Token, a tokenized debt security tracking US GME prices but not representing equity ownership.

Thin liquidity in the stock token forced meme buyers to swap into it, temporarily driving a 46.7% premium over the underlying US stock price. This created a feedback loop boosting the meme coin's value. Market makers and arbitrageurs subsequently narrowed the premium, which had peaked when the stock token traded at $31.81 against a US stock price of $21.7.