Meme coin ASTEROID market cap falls below $3M, drops 52.59% in 20 minutes

KuCoinFlash

Release Time: 08/01/2026 10:52:35

ASTEROIDalpha

$0.0₄6135-8.257%

Summary

On-chain data shows ASTEROID’s market cap fell below $3 million on August 1, 2026, plunging 52.59% in 20 minutes, according to GMGN. The meme coin on BNB Chain was issued without authorization by a former employee using an official test wallet, as previously reported. BNB Chain has initiated legal action. On-chain analysis reveals significant outflows during the crash.

BlockBeats news, on August 1, according to GMGN market data, the meme coin ASTEROID on BNB Chain fell below $3 million in market capitalization, dropping 52.59% in 20 minutes.

Previously reported, the BNB Chain official stated that a former employee, without authorization, used the original official test wallet to issue a new meme token (ASTEROID), and legal action has been taken.

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