The surge behind FAMI and JINQIAN: The tokens with the same name are not official Robinhood stock assets On September 2, the market cap of the Meme token JINQIAN on Robinhood Chain briefly surpassed $70 million, while the on-chain token FAMI with the same name reached nearly $100 million in market cap. Meanwhile, Nasdaq-listed stock Farmmi (FAMI) saw intraday gains of over 300%, sparking speculation about 'on-chain capital driving a short squeeze in U.S. stocks.' However, investigations revealed that FAMI is not listed among Robinhood's official stock tokens. The on-chain FAMI is merely a newly deployed token with the same name as of September 1, and it does not represent Farmmi stock nor is it backed by official stock custody assets. Trader Rune, who previously proposed the idea of 'buying low-market-cap stocks, tokenizing them, and initiating a short squeeze,' clarified that the related statement was generated by Claude and not an actual operation by him.