Mars Finance reports that, according to GMGN market data, VRAX, a meme coin in the Robinhood Chain ecosystem, briefly surpassed a market cap of $8 million and is currently valued at $7.68 million, up more than 143% on the day. VRAX was reportedly launched following discussions about it during the Robinhood Summit. It subsequently suffered a sharp correction, at one point falling by around 99%. Robinhood CEO Vlad Tenev mentioned the token twice during an X Q&A. Trader Bonk Guy previously said that VRAX could benefit from a resurgence in activity in the Robinhood Chain ecosystem as early concentrated holders gradually exit their positions. Meme coin prices are highly volatile and easily affected by market sentiment and trending events. Please be aware of the trading risks.