Summary
- TENDIES, a memecoin on Robinhood Chain, jumped more than 60% in a day, pushing its market capitalization above $20 million.
- Over the past 24 hours, TENDIES gained 64%, while trading volume reached about $2 million during the same period.
- Memecoins often trade more on market sentiment and online trends than on real-world utility, leaving them exposed to sharp volatility.
TENDIES, a memecoin on Robinhood Chain, jumped more than 60% in a day, pushing its market capitalization above $20 million.
BlockBeats, a crypto-focused media outlet, reported on Aug. 4 that TENDIES gained 64% over the past 24 hours. Trading volume totaled about $2 million during the same period.
TENDIES is derived from “tendies,” an internet slang term used by U.S. retail investors and Reddit communities. The term refers to celebrating trading gains by eating chicken nuggets.
Memecoins often move with market sentiment and online trends rather than real-world utility, leaving them vulnerable to sharp swings.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.