The Defiant|Sep 02, 2026 19:44
LATEST RH CHAIN RUNNER 'MONEY MUSHROOM' TURNED OUT TO BE PAIRED WITH JUST ANOTHER MEMECOIN
A memecoin called JINQIAN, or 'Money Mushroom', is trading against FAMI, the 'tokenized stock' of a company called Farmmi, on @RobinhoodApp Chain.
But Farmmi's 'tokenized stock' is also a memecoin. One wallet minted the whole supply in a single transaction and kept 38% of it. There's no connection to FAMI on Nasdaq.
Meanwhile, the actual Nasdaq shares of Farmmi (a penny stock) rose as much as 321%.
Read more here:
https://thedefiant.io/news/tokens/money-mushroom-moved-a-nasdaq-penny-stock-but-its-tokenized-stock-is-a-memecoin-too(The Defiant)
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