Meme Coin Fable Surges Over 4x in 10 Minutes, Current Market Cap Reaches $1.5 Million

BlockBeats News, September 1st, according to GMGN market data, a new Meme coin on Robinhood Chain, fable, saw a more than 4x rebound in 10 minutes, with a peak market cap of $2.25 million, now down to $1.5 million.

Prior to this, after the market cap of the Meme coin surpassed $10 million, it experienced a short-term crash. This was triggered by its creator, Kevin Ngo, who had just claimed on social media that his account was compromised. The market cap plummeted over 90% in just 2 minutes, reaching a low of $452,400.

Fable (i am fable) is an experimental Meme token on the Robinhood Chain. The creator, Kevin Ngo, allowed Claude Fable 5 to autonomously create a personal website and, after integrating a wallet, the AI agent issued the tokens on its own.

BlockBeats reminds users: Meme coin prices are highly volatile and most have no real-world use cases, so please avoid FOMO.