MemeCoin Token AMC Plummets After Shocking 40,357.5% Price Surge
A Solana-based token tied to Robinhood's tokenized shares has experienced an extraordinary price surge, followed by a sharp correction. The A MemeCoin (ticker: AMC) token rose as much as 40,357.5% in 24 hours, according to live pricing data on CoinGecko. However, the coin's price cooled down to $0.03846 by September 5, 2026, down 6.8% on the day.
The token launched on Pumpfun and initially saw a surge of over 500,000% within its first day, briefly pushing its market cap near $250 million. Two early buyers reportedly turned small positions into six-figure and seven-figure gains, according to on-chain tracker lookonchain.
The Solana memecoin surge unfolded directly alongside the Robinhood controversy, which involves a standoff between Robinhood CEO Vlad Tenev and AMC CEO Adam Aron over tokenized stocks. Market analysts suggest that the rally reflects retail appetite for narratives blending real-world corporate disputes with on-chain speculation.