AMC’s stock-linked meme coin surged past $150 million in value in just five hours, prompting AMC’s CEO to issue an urgent halt and threaten to file a complaint against Robinhood with the SEC.

Today, the meme token project MEME listed on Robinhood Chain has suddenly become the market focus. The project’s full name is “A Meme Coin”, whose abbreviation is exactly AMC, and it uses the “MEME/AMC” trading pair, pairing the meme token with AMC Entertainment’s stock token in a single on-chain liquidity pool. According to GMGN data, MEME surged over 1,000% in a short time after launch, with its market cap once exceeding $150 million. Meanwhile, AMC’s underlying stock was also driven up, surging 21% in overnight and pre-market trading to around $3. The day before, AMC’s US stock closed at $2.54, with no major fundamental news released by the company that day. AMC CEO Adam Aron subsequently publicly criticized Robinhood on X, stating that AMC had not participated in, authorized, or endorsed such AMC stock-linked token products, and questioned their legality. Aron also said the company will hire external securities lawyers to review the matter and may file inquiries with the SEC. Robinhood CEO Vlad Tenev responded on X with “What’s the concern?”, further amplifying market discussions. BlockBeats has conducted a comprehensive review of this incident in its on-site article titled “The $150M Extreme Emotional Speedrun: AMC’s Short Squeeze Comes Full Circle Every 5 Years”.