Robinhood Chain’s Meme Coin JINQIAN Surges Past $70 Million Market Cap, Notching a New All-Time High.

Crypto KOL Rune (@RuneCrypto_) stated in a post that the concept he previously disclosed—acquiring a Nasdaq-listed company and tokenizing its equity on Robinhood Chain—was actually a piece generated by Claude, with all related data being fabricated or exaggerated. Earlier, Rune had claimed to have obtained a 37.4% stake in a Nasdaq-listed company for $1.8 million, and planned to pair the tokenized stock with a meme coin.

US President Donald Trump stated, "Now that the United States controls the Strait of Hormuz, should we rename it the 'Strait of Trump'? Just like America itself, this name will be even more 'hot' than ever before!"

According to Lookonchain’s monitoring, the Meme coin JINQIAN on the Robinhood chain hit a $70 million market cap just one hour after its launch. A single trader secured roughly a 10x return via one JINQIAN transaction. The trader spent 8 ETH (approximately $19,000) to buy 6.28 million JINQIAN, then sold all holdings for 82.54 ETH (around $198,000), netting a profit of 74.54 ETH, valued at roughly $178,600.

According to GMGN market data, the Robinhood Chain meme coin JINQIAN briefly dipped to $20.5 million at one point, over 70% down from its peak, and has now rebounded to $42 million. The sharp rally of JINQIAN is likely tied to a tweet posted by crypto KOL Rune (@RuneCrypto_) on September 1. Rune announced he had "acquired a majority stake in a Nasdaq-listed public company. The short interest stands at 92.3%, with liabilities of $6.2 million. I am tokenizing the equity on the Robinhood Chain, then I will pair a meme coin with the tokenized stock." Rune has not claimed any tokens related to this event, and the incident carries regulatory risks. BlockBeats reminds users that relevant tokens are highly volatile, so investors should exercise caution.

Crypto KOL Unipcs purchased approximately 3.8 million JINQIAN tokens at 22:55 on September 2, with a total investment of $98,679 and an average purchase price of $0.0259. The two transactions involved amounts of roughly $49,466 and $49,213 respectively. The position is currently valued at around $244,000, with an unrealized profit of approximately $14, a paper return of 146%, and the position remains open.

As of September 1, the yield on the U.S. 30-year Treasury has exceeded 5% for 56 trading days so far this year, and has stayed above that level for 41 consecutive trading days; its year-to-date average yield has risen to 4.96%, approaching the 5.03% level recorded in 2004.