AMC Memecoin Surges 81,025% in 7 Hours Amid Tokenization Debate
Crypto trader Rohun Vora made headlines after turning $1,491 into $1.2 million in just seven hours through his investment in A Meme Coin (AMC).
Vora, the founder of DeGods and y00ts, a Solana-based Non-Fungible Tokens platform, purchased 11 million AMC tokens on September 4, 2026, at 5:00 AM. At that time, AMC had a market capitalization of around $135,300.
The memecoin's price skyrocketed over the next few hours, reaching an all-time high market cap of approximately $109.9 million by 12:00 PM on Friday. This surge translated to a staggering return of 81,025% for Vora's initial investment in just seven hours.
The rapid increase in AMC's price was attributed to the heated debate between Adam Aron, CEO of AMC Entertainment Holdings, Inc., and Vlad Tenev of Robinhood Markets, Inc. over tokenization. Aron threatened to sue Robinhood for allegedly tokenizing AMC stock without proper registration under US securities laws.