Meme Coin Fable Resets to Zero Once Again, Creator States Non-Acceptance of Any Tokens

BlockBeats News, September 1st, according to GMGN market data, the newly launched Meme coin fable on the Robinhood Chain once again "reset to zero," with a market cap dropping to $560,000.

Previously, after the market cap of this Meme coin surpassed $10 million, it experienced a sudden plunge. This was due to its creator, Kevin Ngo, recently claiming on social media that his account was hacked. The market cap plummeted over 90% in just 2 minutes, reaching a low of $452,400.

Subsequently, within 10 minutes, the market cap rebounded and surpassed $2 million. The creator, Kevin Ngo, once again posted, stating, "I have been hacked, I do not endorse any coin." This caused the Meme coin to "reset to zero" again, with the market cap falling to $560,000.

BlockBeats reminds users: Meme coin prices are highly volatile and most have no actual use case, so please avoid FOMO.