Crypto KOL Ansem bought more than $21,000 worth of Artificial Inu, a Robinhood chain-related meme coin, on pump.fun early on Aug. 21, according to BlockBeats. The trade quickly drew copycat activity in the market. By press time, GMGN data showed Artificial Inu’s market capitalization had briefly climbed past $20 million, setting a new all-time high. At the same time, trading activity remained thin. BlockBeats said the token’s 24-hour volume was only $530 because liquidity on the Robinhood chain has weakened recently. The report also carried a risk warning, saying KOL-led trades can be highly uncertain and that users should stay cautious when making investment decisions.
Crypto KOL Ansem bought more than $21,000 worth of Artificial Inu, a Robinhood chain-related meme coin, on pump.fun early on Aug. 21, according to BlockBeats.
The move triggered follow-on speculation in the market. As of press time, GMGN data showed Artificial Inu’s market capitalization had briefly risen above $20 million, marking a record high.
Even so, the token’s liquidity picture remained weak. BlockBeats said its 24-hour trading volume was only $530, as liquidity on the Robinhood chain has softened recently.
BlockBeats also warned that KOL-led trades carry significant uncertainty and said users should be cautious with investment decisions.
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