Robinhood-based meme coin flybrain has sharply retraced after an earlier surge, according to data cited by BlockBeats from GMGN. Its market capitalization was reported at $12 million on Sept. 11, after having briefly climbed above $55 million earlier in the day. The token was down more than 60% over the past six hours. BlockBeats also noted that a16z co-founder Marc Andreessen had previously followed the project’s official X account, a detail that had drawn attention around the token. The project describes itself as the first attempt by researchers to use a fruit fly brain to train and launch a meme coin. It says the system is not a "brain-inspired AI" model, but is based on a real fruit fly connectome. According to the project description, that brain contains 165,122 neurons and 10,228,000 synaptic connections, all taken from a single male fruit fly and traced one by one using electron microscopy. BlockBeats added a risk warning, saying meme coins often lack practical use cases and can see large price swings.
Robinhood-based meme coin flybrain posted a steep pullback on Sept. 11, with GMGN data showing its market capitalization at $12 million after it had briefly risen above $55 million earlier in the day. Over the past six hours, the token was down more than 60%, according to BlockBeats.
BlockBeats said a16z co-founder Marc Andreessen had previously followed the project’s official X account.
According to the project’s own description, flybrain says it is the first time researchers have used a fruit fly brain to train and launch a meme coin. The project says this is not a "brain-inspired AI" system, but a real fruit fly connectome.
It describes that brain as containing 165,122 neurons and 10,228,000 synaptic connections, all from a single male fruit fly and traced individually through electron microscopy.
BlockBeats warned that meme coins often do not have practical use cases and can be highly volatile, and said users should be cautious about investment risks.
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