A newly launched meme token, fable, on Robinhood Chain rebounded more than fourfold within 10 minutes, according to GMGN market data. Its market capitalization briefly recovered to $2.25 million before falling back to $1.5 million. Earlier, the token had plunged shortly after its market cap rose above $10 million. Kevin Ngo, the project’s creator, said on social media that his account had just been compromised. Following that statement, fable’s market cap dropped by more than 90% in just two minutes, bottoming at $452,400. Fable, also styled as “i am fable,” is described as an experimental meme token on Robinhood Chain. According to the report, Ngo had Claude Fable 5 build its own personal website, and after connecting a wallet, the AI agent issued the token by itself. BlockBeats also warned that meme tokens are highly volatile and that most lack practical use cases, urging users not to FOMO.
BlockBeats reported on Sept. 1 that newly launched meme token fable on Robinhood Chain rebounded more than 4x within 10 minutes, according to GMGN market data. Its market capitalization briefly recovered to $2.25 million before slipping back to $1.5 million.
Earlier, the token saw a sharp drop shortly after its market cap climbed above $10 million. Kevin Ngo, the token’s creator, said on social media that his account had just been hacked. After that, fable’s market cap fell by more than 90% in two minutes, hitting a low of $452,400.
Fable, or “i am fable,” is an experimental meme token on Robinhood Chain. The report said creator Kevin Ngo had Claude Fable 5 build its own personal website, and after connecting a wallet, the AI agent issued the token on its own.
BlockBeats warned that meme token trading is highly volatile and that most such tokens have no real use case, telling users not to FOMO.
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