Crypto
STRATEGY Memecoin Launches on Robinhood Chain Using Tokenized MSTR
The STRATEGY memecoin, launched on September 4 on Robinhood Chain, is backed by tokenized MSTR, the stock of Michael Saylor's company. The token's main pool went live on September 4 and as of September 13, it had accumulated over $362,000 in tokenized MSTR from buyers.
The STRATEGY memecoin is not a claim on Strategy stock but rather uses Robinhood Stock Tokens to pair with its launch. As the project's account stated, 'Liquidity creates demand. Demand creates liquidity.'
On September 13, the original memecoin traded at a contract address ending with 'eb21e18', while another token using the same ticker on Solana showed a $5.26 million market cap and a 24-hour gain of 12,595%.