Meme coin CATGPT briefly surged past $17 million in market capitalization, hitting a new all-time high.

According to GMGN market data, Robinhood ecosystem meme coin CATGPT briefly surged past $17 million in market capitalization, hitting an all-time high, and has since pulled back to $15.3 million. Its trading volume reached $5 million in the first three hours post-launch. CATGPT is traded in pairs with OPENAIx1L (OPENAI 1x Long tokenized position) via the Long.xyz platform. Long.xyz is a meme coin launch platform on Robinhood Chain, focusing on the innovative "crypto-stock meme" model, which directly links traditional meme coins with tokenized U.S. stocks, forming a dual-driven mechanism of "sentiment speculation + real asset anchoring". The platform allows users to issue meme tokens and pair them directly with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.), rather than pairing with traditional assets like USDT or ETH. A portion of transaction fees flows back to the community treasury to accumulate the corresponding U.S. stock tokens, creating a unique value capture model. OPENAI currently has high IPO expectations, but as it remains unlisted, traditional markets do not offer direct long opportunities. On-chain platforms like this provide speculative exposure through such tokenized long positions paired with meme coins, an upgraded iteration of the earlier model where stock tokens like NVDA were paired with meme coins. BlockBeats reminds users that related tokens are highly volatile and carry significant uncertainty, urging investors to exercise caution.