PANews
PANews|Sep 02, 2026 23:48
[Meme Coin Speculation Spreads to Nasdaq, Agricultural Supplier Farmmi's Stock Soars 350%] According to The Block, the stock price of Nasdaq-listed Chinese agricultural supplier Farmmi surged by as much as 350% on Wednesday, briefly rising from $0.12 to $0.50 before retreating to around $0.18. Trading volume exceeded 720 million shares, nearly 90 times the daily average. This surge is linked to trading activity of the Meme coin JINQIAN on Robinhood Chain, which is paired with Farmmi's stock token FAMI, drawing the attention of speculators and prompting them to buy Farmmi's common stock. The peak implied valuation of the Meme coin was approximately $60 million, 10 times the actual market value of the listed company.
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