FAMI, JINQIAN both drop over 50% in short term

GMGN market data shows that FAMI and JINQIAN both dropped over 50% in a short period, with current market capitalizations of approximately $32 million and $35 million, respectively.

Market attention may be related to trader Rune's recently disclosed plan for "tokenizing low-market-cap Nasdaq stocks + Meme coins." Rune stated that he has spent approximately $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 Meme coins paired with the tokenized stocks. It is currently unconfirmed whether the tokens are directly associated with the plan described by Rune.