MEME Token Price Falls Below $70M Following Support from Robinhood Co-Founder

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MEME
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The MEME token price fell below $70 million after a Robinhood co-founder expressed support, breaking a key support level. The market cap now stands at $67.41 million, down from a peak of $150 million. FOMO community members and top KOLs joined the sell-off, with large orders hitting exchanges. Traders are monitoring whether the token can retest key support and resistance zones.

BlockBeats news, September 4: According to GMGN market data, despite Robinhood's co-founder tweeting support for stock tokens, the MEME token price experienced a sharp rise followed by a decline, falling again below $70 million and currently trading at $67.41 million—the lowest market cap since its peak of $150 million.


Meanwhile, the FOMO community, known for its steady long-term holding, has also joined the selling rush, with several top KOLs dumping large orders worth tens of thousands of dollars. Various signs indicate that the MEME narrative may be temporarily coming to an end.

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