Robinhood Chain's FAMI Token market cap falls below $25M

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On-chain data shows FAMI’s market cap has dropped below $25 million to $22.5 million following a 750% surge. Trader Rune recently disclosed plans to tokenize low-market-cap NASDAQ stocks and launch paired meme coins, including a 37.4% stake in a publicly listed company acquired for $1.8 million. On-chain analysis indicates no confirmed connection between Rune’s plan and FAMI. Odaily notes the narrative remains unverified, and meme coin prices are highly volatile. Traders are advised to proceed with caution.

According to GMGN data, the Robinhood Chain ecosystem token FAMI has fallen below $25 million, currently trading at $22.5 million, after previously surging over 750%.

The market is paying attention, possibly in relation to Rune’s recently disclosed plan for “tokenization of low-market-cap Nasdaq stocks + meme coins.” Rune stated that he has spent approximately $1.8 million to acquire a 37.4% stake in a Nasdaq-listed company and plans to tokenize the associated equity on Robinhood Chain, while also launching a meme coin paired with the tokenized stock. It is currently unconfirmed whether FAMI is directly connected to Rune’s described plan.

Odaily reminds you that the related narrative has not been officially confirmed, and meme coin prices are highly volatile—please be aware of trading risks.

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