A Meme Coin

A Meme Coin (MEME) is a meme token launched on Robinhood Chain in September 2026. Its most distinctive feature is its liquidity pool design: instead of pairing with stablecoins, its deepest pool pairs with Robinhood's tokenized AMC stock, which accounts for over 54% of total liquidity. This "token-stock pairing" structure means buying MEME simultaneously exposes traders to the on-chain price of AMC shares.

The narrative is straightforward: reinterpreting "AMC" as "A Meme Coin," directly referencing AMC's status as a retail investor icon from the 2021 short squeeze. The token's official X account states simply: "The cinema is just a facade; it has always been A Meme Coin."

The market pain point it addresses is the lack of liquidity and trading pairs for tokenized stocks on-chain. By using tokenized AMC as a base pool, MEME creates a bridge between crypto market sentiment and real stock attention, offering a dual-exposure trading vehicle.

Since its launch on September 3, 2026, MEME experienced two complete pump-and-dump cycles within days. Its market cap surged from zero to $150 million within 12 hours, then fell back to around $40 million. On September 7, after Robinhood CEO Vlad Tenev followed MEME's official account, the market cap spiked again to $174 million before retreating to approximately $87 million. Trading volume exceeded $120 million in the first 12 hours.

Notable negative developments: AMC CEO Adam Aron publicly condemned Robinhood's tokenized stock program as "despicable" and "unforgivable," claiming it bypasses U.S. securities regulations and undermines AMC's financing ability. He has engaged securities lawyers to investigate. Additionally, on-chain AMC token prices traded at a 53.9% premium to NYSE closing prices, highlighting a significant price disconnect. Note: there is another token on Robinhood Chain also named AMC that uses AMC stock tokens as its base pool—buyers should be careful not to confuse the two.