In a surprising turn of events, trader Rune has retracted his earlier claim about acquiring a Nasdaq-listed company, announcing on social media platform X that the entire post was fabricated using the AI tool Claude. He emphasized that the numbers were made up and exaggerated. Community members had already cast doubt on the claim, pointing out that no Nasdaq stock exists with a market capitalization of $4.8 million, a share price of $0.12, and a short interest ratio of 92.3% simultaneously. The impact was immediate on the tokenized stock FAMI and the meme coin JINQIAN, which were previously speculated to be related to Rune's alleged acquisition plan. According to GMGN data, FAMI's market cap plunged to approximately $18 million, a steep one-hour drop of 46%, while JINQIAN's market cap fell to around $17.5 million, down 57% in the same timeframe. Both tokens have now fallen significantly from their recent highs, reflecting the market's reaction to the revelation of fabricated information.
Trader Rune, known for his on-chain activity, has admitted that his earlier post about buying a Nasdaq-listed company was fake and put together with the AI tool Claude. His words were plain: the numbers were invented and blown out of proportion. Readers in the community had already pointed out something didn’t add up. No Nasdaq stock matches all three of these at once: a $4.8 million market cap, a $0.12 share price, and a 92.3% short interest ratio.
After that clarification, the tokens people had been tying to Rune’s supposed acquisition plan got hit hard. Fast. FAMI, a tokenized stock, and the meme coin JINQIAN both suffered steep market cap drops. GMGN data shows FAMI’s market cap slid to about $18 million, a 46% drop in one hour, while JINQIAN’s market cap fell to roughly $17.5 million, down 57% over the same stretch. Both tokens are now far below their recent highs.
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