The market capitalization of microduck, a meme coin in the Robinhood Chain ecosystem, briefly exceeded $3 million and stood at about $3.04 million, according to GMGN market data cited by Odaily. The token had risen more than 718-fold during the day. Meme coins, which are typically driven heavily by market sentiment and online attention, can experience sharp price swings, and Odaily warned investors to consider the trading risks.