According to ME News, on September 4 (UTC+8), according to GMGN market data, despite Robinhood’s co-founder tweeting support for stock tokens, the MEME token price surged then reversed, falling back below $70 million to $67.41 million—the lowest market cap since its peak of $150 million. Meanwhile, the usually steady and long-term oriented FOMO community also joined the selling wave, with several top KOLs dumping large orders worth tens of thousands of dollars. Various indicators suggest that the MEME narrative may be temporarily over. (Source: BlockBeats)
The MEME token price surges then declines, dropping below $70 million as FOMO-driven community members sell large orders.
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Summary
The MEME token price surged then sharply declined on September 4 (UTC+8), with its market cap falling below $70 million. It now stands at $6.741 million, the lowest level since reaching $150 million. Price analysis reveals heavy selling by FOMO-driven community members, including top KOLs who placed large sell orders. This trend suggests a potential pause in the MEME token narrative. (Source: BlockBeats)
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