JINQIAN, a Robinhood Chain ecosystem token, rose more than 13-fold during Sept. 2 trading, with its market value briefly reaching $60 million before easing to $57.13 million, according to GMGN data. The rally drew attention to JINQIAN’s pairing with FAMI and to trader Rune’s separately reported, unconfirmed plan to tokenize equity tied to a low-market-cap Nasdaq-listed company on Robinhood Chain and launch a paired meme coin. Trader 0xSun said JINQIAN/FAMI does not follow the conventional on-chain tokenized-stock short-squeeze model. He said an unidentified project team issued FAMI on-chain while retaining minting authority, leaving its compliance status unclear and the liquidity pool potentially unlocked. Retail buying first lifted JINQIAN and FAMI, while some traders also bought FAMI shares directly, pushing the stock price higher. 0xSun compared the setup with Bald, an early Base meme coin that surged before its liquidity was withdrawn, and said investors face uncertainty over whether further gains or a malicious collapse are more likely. No direct connection between JINQIAN and Rune’s plan has been confirmed. Odaily warned that the narrative lacks official confirmation and that meme coin prices are highly volatile.