The on-chain Meme token TENDIES, on an exchange, has reached a market capitalization of $17 million, with a 24-hour surge of 422%.

BlockBeats News, July 16th, according to GMGN data, the market capitalization of Robinhood's on-chain Meme token TENDIES has surged to $17 million, with a 422% 24-hour price increase and a $6 million 24-hour trading volume.

TENDIES is a meme coin inspired by the network slang "tendies" (chicken tenders), originating from the American stock retail investor and Reddit community, symbolizing the grassroots victory celebration of "ordinary people making money and going home to eat chicken tenders."

BlockBeats Note: Meme coins are highly volatile, largely driven by market sentiment and hype, with no intrinsic value or use case. Investors should be aware of the risks.