‘Crypto-Stock Meme’ Hype Heats Up: Rabbit Hits a Peak Market Cap of $50M After Launch According to GMGN market data, the Meme token Rabbit, paired with U.S. stock WYFI, surged rapidly after its launch, reaching a peak market cap of $50 million before pulling back to around $14 million. Previously, the Meme token BONER, paired with HIMS, also briefly soared to a market cap of approximately $70 million. The so-called ‘Crypto-Stock Meme’ refers to a trading strategy where Meme tokens are paired with tokenized U.S. stocks on-chain, leveraging related stock themes and community buzz to attract on-chain liquidity. Rabbit’s narrative is tied to the open-source high-precision time synchronization protocol ‘White Rabbit,’ developed by CERN, while WYFI is a publicly listed company specializing in data centers and HPC cloud services. However, there is no confirmed evidence of direct business connections between the two. It’s worth noting that the short-term price surge of these tokens is influenced by factors such as KOL holdings and promotional posts. The on-chain token prices and their premiums may not necessarily translate to the underlying U.S. stocks, posing significant risks.