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      Robinhood Meme coin FAMI market cap briefly breaks $30 million, up over 400% intraday

      PANews September 2, according to GMGN data, the Robinhood Chain ecosystem meme coin FAMI briefly broke through $30 million in market cap, hitting a high of $30.99 million, and is now reported at approximately $29.1 million, up more than 452.5% on the day.

      Nasdaq-listed company Farmmi (FAMI) saw its stock price surge today. Market attention may be related to trader Rune's newly disclosed plan for "tokenization of Nasdaq low-market-cap stocks + meme coins." Rune said he has spent about $1.8 million to acquire a 37.4% stake in a Nasdaq-listed company and plans to tokenize the related equity on Robinhood Chain, while also launching a meme coin paired with the tokenized stock.

      It is currently impossible to confirm whether Farmmi is directly connected to the plan described by Rune. The related narrative has not yet been officially confirmed, and meme coin prices are highly volatile. Please be aware of trading risks.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud