ChainThink reports that on September 2, according to market data, the Robinhood chain meme coin JINQIAN briefly saw its market cap drop to $20.5 million, a decline of over 70% from its peak. The token's market cap has since recovered to $42 million.
Meme Coin JINQIAN Drops Over 70% from Its High, Recovers to $42M Market Cap
ChainthinkShare
Summary
The meme coin JINQIAN, one of the altcoins to watch, dropped over 70% from its peak on September 2, with on-chain data showing a brief market cap decline to $20.5 million. The token has since rebounded to $42 million according to the latest on-chain data. Traders are monitoring altcoins to watch for further volatility.
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.