Meme coin flybrain has sharply retraced to a $12 million market cap, dropping over 60% in the past 6 hours.

BlockBeats news, September 11, according to GMGN data, Robinhood on-chain Meme coin flybrain has significantly retraced, with its market cap now at $12 million, having briefly surpassed $55 million today, dropping over 60% in the past 6 hours.

Previously, a16z co-founder Marc Andreessen followed the project's official X account. According to the project's description, it claims to be the first time researchers have used a fruit fly's brain to train the launch of a Meme coin. It is not "brain-inspired AI," but the actual neural connectome of a fruit fly. The brain contains 165,122 neurons and 10,228,000 synaptic connections, all from a single male fruit fly, traced one by one via electron microscopy.

BlockBeats reminds users that Meme coins mostly lack practical use cases, with high price volatility, and investment requires caution.