Is Robinhood “scattered with sickles”? The crypto meme coins $JINQIAN and $FAMI just played out a roller-coaster行情.
$JINQIAN was just created two hours ago, and its market cap briefly hit $78 million before it plunged to $10 million.
$FAMI was also created less than 24 hours ago. It began pumping about two hours ago: the market cap rose from $4.2 million to a high of $90 million, and has since fallen to $12 million.
These two meme coins’ explosive rallies are linked to a post published on September 1 by crypto KOL Rune (@RuneCrypto_). He announced that he has acquired a majority stake in a Nasdaq-listed company, and said he is tokenizing the equity on the Robinhood chain, after which a meme coin would be paired with the tokenized stock. He did not specify which company it was. But the community suspects the Nasdaq-listed company he referred to is Farmmi Inc. (ticker: FAMI). And $JINQIAN is the meme coin named to be paired with FAMI.
As $JINQIAN and $FAMI rapidly reached market caps in the tens of millions of dollars tonight, Rune also claimed that the acquisition of the Nasdaq-listed company he previously disclosed and the equity tokenization plan on the Robinhood Chain were actually generated by Claude—that the relevant data were fabricated or exaggerated.
Driven by this news, the two tokens quickly dumped, delivering this roller-coaster行情. Still, even so, some early traders have already locked in massive returns:
According to @lookonchain, a trader spent just 8 ETH (about $19,000) to buy 6.28 million JINQIAN, then sold all of it later for 82.54 ETH (about $198,000). They profited 74.54 ETH, worth roughly $180,000, for a 10x return rate.
$JINQIAN was just created two hours ago, and its market cap briefly hit $78 million before it plunged to $10 million.
$FAMI was also created less than 24 hours ago. It began pumping about two hours ago: the market cap rose from $4.2 million to a high of $90 million, and has since fallen to $12 million.
These two meme coins’ explosive rallies are linked to a post published on September 1 by crypto KOL Rune (@RuneCrypto_). He announced that he has acquired a majority stake in a Nasdaq-listed company, and said he is tokenizing the equity on the Robinhood chain, after which a meme coin would be paired with the tokenized stock. He did not specify which company it was. But the community suspects the Nasdaq-listed company he referred to is Farmmi Inc. (ticker: FAMI). And $JINQIAN is the meme coin named to be paired with FAMI.
As $JINQIAN and $FAMI rapidly reached market caps in the tens of millions of dollars tonight, Rune also claimed that the acquisition of the Nasdaq-listed company he previously disclosed and the equity tokenization plan on the Robinhood Chain were actually generated by Claude—that the relevant data were fabricated or exaggerated.
Driven by this news, the two tokens quickly dumped, delivering this roller-coaster行情. Still, even so, some early traders have already locked in massive returns:
According to @lookonchain, a trader spent just 8 ETH (about $19,000) to buy 6.28 million JINQIAN, then sold all of it later for 82.54 ETH (about $198,000). They profited 74.54 ETH, worth roughly $180,000, for a 10x return rate.
