Woofun AI reports that the GME meme coin on the Robinhood Chain briefly exceeded a $20 million market capitalization, currently settling around $17.1 million with 24-hour trading volume near $23.9 million. Launched via Bankr, this asset leverages GameStop retail culture and pairs with the official GME Stock Token, a tokenized debt security tracking US GME prices but not representing equity ownership.

Thin liquidity in the stock token forced meme buyers to swap into it, temporarily driving a 46.7% premium over the underlying US stock price. This created a feedback loop boosting the meme coin's value. Market makers and arbitrageurs subsequently narrowed the premium, which had peaked when the stock token traded at $31.81 against a US stock price of $21.7.