GMGN data cited by Odaily showed the token later at $12.55 million after an intraday gain of more than 2,200 times, highlighting the extreme volatility and sentiment-driven trading typical of meme coins.
Robinhood Chain meme coin GME briefly rose above a $15 million market capitalization before later being quoted at $12.55 million, according to GMGN market data cited by Odaily. The token recorded an intraday gain of more than 2,200 times. Odaily said the move illustrates the sharp swings common in meme coins, where prices are often driven by market sentiment and fast-moving themes rather than underlying value, and warned investors about the risks.