Has the MEME narrative come to an end? Following the Robinhood co-founder's statement, the price surged and then fell back, with large sell orders from fomo community members dumping the token.

2026-09-04 14:46:33

According to BlockBeats, on September 4th, GMGN market data showed that despite Robinhood's co-founder's tweet expressing support for the stock token, the price of MEME surged and then fell back, dropping below $70 million again. It is currently trading at $67.41 million, marking its lowest market capitalization since its peak of $150 million.

Meanwhile, the fomo community, which is known for its stable and long-term holding strategy, also joined the sell-off, with several top KOLs dumping large orders worth tens of thousands of dollars. All signs indicate that the MEME narrative may be coming to a temporary end.

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Has the MEME narrative come to an end? Following the Robinhood co-founder&#39;s statement, the price surged and then fell back, with large sell orders from fomo community members dumping the token.

Has the MEME narrative come to an end? Following the Robinhood co-founder's statement, the price surged and then fell back, with large sell orders from fomo community members dumping the token.