The $1 meme coin in the Robinhood Chain ecosystem briefly exceeded a $3 million market capitalization, later standing at about $2.39 million after rising more than 650-fold during the day, according to GMGN data. Its narrative is linked to reports that the U.S. Treasury plans to issue a Trump commemorative coin for the 250th anniversary of the United States. The Wall Street Journal recently reported that the coin was being minted in Philadelphia for an autumn launch, with a Trump portrait on one side and a bald eagle from the presidential seal on the other. Odaily cautioned that meme coin prices can be highly volatile and influenced by market sentiment and topical events, creating significant trading risks.