MEME Narrative Interrupted? Coin Price Surges and Retreats After Robinhood Co-founder's Statement, FOMO Community Member Dumps Large Amount

BlockBeats News, September 4th, according to GMGN market information, despite Robinhood's co-founder's public support for tokenized stocks, the MEME coin price experienced a high and low trend, once again dropping below $70 million, now trading at $67.41 million, marking the lowest market cap since its peak of $150 million.

At the same time, the FOMO community, which has always been known for its hodling strategies, also joined the selling pressure, with several top KOLs dumping tens of thousands of dollars in large orders. All signs indicate that the MEME narrative may be coming to a temporary end.