[Meme Token fable 'Resets to Zero' Again, Creator Declares No Endorsement of Any Token] BlockBeats News, September 1: According to GMGN market data, the newly launched Meme token fable on Robinhood Chain has once again 'reset to zero,' with its market cap dropping to $560,000. Previously, the market cap of this Meme token had surpassed $10 million before experiencing a sharp crash. This occurred after its creator, Kevin Ngo, announced on social media that his account had been hacked, causing the market cap to plummet by over 90% within just 2 minutes, reaching a low of $452,400. Subsequently, within 10 minutes, the market cap rebounded to over $2 million. However, Kevin Ngo once again posted, stating, 'I was hacked, and I do not endorse any token,' which led to the Meme token 'resetting to zero' again, with its market cap falling to $560,000. BlockBeats reminds users: Meme token prices are highly volatile and most lack practical use cases. Please avoid FOMO. [Original Link]