Nest, a meme coin in the Robinhood ecosystem, briefly exceeded a $6 million market capitalization after gaining more than 990-fold in 24 hours, according to GMGN data cited by Odaily. Its market cap was later reported at $5.6 million. Built on Robinhood Chain using Pons V2, Nest is a launchpad for multi-stock basket tokens. It reuses Pons V2's token issuance, bonding curve (a formula-based pricing mechanism), and AMM (automated market maker) infrastructure. Creator fees generated from Meme Token trading flow into the Nest Vault, which continuously purchases a preconfigured basket of stock tokens and distributes them to token holders according to holding-time weights. Odaily cautioned that meme coin prices can be highly volatile and urged investors to participate carefully.