CLAN, a token associated with the Robinhood ecosystem, briefly reached a record market capitalization above $5.5 million before retreating to around $5 million, GMGN data showed. The token gained more than 83% over 24 hours. Its related project, clan.tech, centers on trading Clan Keys, whose holders can access corresponding private chatrooms and communicate with other traders. The project was previously identified as having launched on Robinhood Chain. Odaily warned that CLAN is highly volatile and vulnerable to market sentiment and hot-button events, underscoring the risks of trading the token.