FAMI and JINQIAN tokens plummet on Robinhood Chain

iconKuCoinFlash
Share
AI summary iconSummary
On-chain data shows that the FAMI and JINQIAN tokens on Robinhood Chain experienced sharp declines within six hours. FAMI’s market cap dropped to $5.8 million, a 27.68% decrease, while JINQIAN fell to $3.6 million, down 41.13%. Although FAMI shares its name with the NASDAQ-listed Farmmi, it is not an official tokenized stock and is not listed on Robinhood’s contract list. On-chain analysis by Odaily highlights extreme volatility and warns traders to proceed with caution.

Odaily Planet Daily reports that, according to GMGN data, the market cap of FAMI on Robinhood Chain has dropped to $5.8 million, a 27.68% decline in 6 hours; the market cap of JINQIAN has fallen to $3.6 million, a 41.13% decline in 6 hours.

The FAMI token name matches the stock ticker of Nasdaq-listed Farmmi, but it is not an officially tokenized stock, nor is it listed on Robinhood’s official contract list; it is currently traded in pairs with the meme coin JINQIAN.

Odaily reminds you that the prices of related tokens are highly volatile — please be aware of trading risks.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.