WALLET Market Cap Tops $50 Million as Community Links It to Robinhood-Related Wallets

WALLET, a meme coin on Robinhood Chain, briefly pushed its market capitalization above $50 million and set a new all-time high, rising more than 57% intraday before trading at $46.88 million. According to Odaily, community researchers said wallets tied to WALLET deployment may be linked to wallets associated with Robinhood co-founder Vlad Tenev, while some addresses were active on-chain weeks before Robinhood Chain was publicly announced. The community has also pointed to a wallet cluster it says is related to a Robinhood product manager and has framed WALLET as a possible hidden team-linked launch, comparing it with TIBBIR's early path on Base. Robinhood, Vlad Tenev, and other relevant parties have not confirmed any connection to WALLET, and the on-chain links remain community speculation.