Memecoin News: MEME Token Crashes 93% From $0.15 Peak To $0.038

MEME Token Surge Cools to $0.038 After 40,357% AMC Rally

Memecoin News is buzzing today after a Solana-based token tied to Robinhood's tokenized shares posted one of the sharpest rallies of the year before pulling back sharply. 

The coin, listed as A MemeCoin (ticker: AMC) and referred to by traders as the MEME token, jumped as much as 40,357.5% in 24 hours according to live pricing data on CoinGecko, before cooling to $0.03846 as of September 5, 2026, down 6.8% on the day. 

The token price today sits well below its intraday high of $0.1509, though its 24-hour trading volume remains strong at $149.26 million.

What Happened With the Token Surge

The token launched on Pumpfun, and this Pumpfun memecoin news event initially saw the project reported to have surged more than 500,000% within its first day, according to a report shared by BSCNews on X, briefly pushing its market cap near $250 million. 

Two early buyers reportedly turned small positions into six-figure and seven-figure gains, per on-chain tracker lookonchain:

Current on-chain metrics show the coin's market cap has since settled near $40.15 million, with a circulating and max supply of 1 billion tokens each. Live trading pairs can be tracked on the coin's Robinhood-paired chart on DexScreener.

Table: A Meme Coin Snapshot

Robinhood AMC Controversy Fuels the Rally

This Solana memecoin surge is unfolding directly alongside the Robinhood controversy. 

Robinhood's tokenized shares, part of its broader push into tokenized stocks crypto products, sparked pushback after the project positioned itself as the leading pair against that tokenized asset. 

In a post from the project's official account on X, the team wrote:

"A Meme Coin is officially the #1 AMC paired token... Robinhood tokenizes AMC. Adam pushes back publicly. Lawyers get involved." 

This X post also framed the standoff as a public rivalry between Robinhood CEO Vlad Tenev and AMC CEO Adam Aron. 

Expert Opinion

Market analysts tracking this crypto memecoin news suggest the rally reflects retail appetite for narratives that blend real-world corporate disputes with on-chain speculation. 

The gap between the coin's early peak and its current price illustrates how volatile such memecoin market news events can be, and analysts note that crypto price action tied to unofficial corporate pairings could remain unpredictable as the Robinhood-AMC storyline develops.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency assets, including newly launched memecoins, carry high volatility and risk. Readers should conduct independent research before making any investment decisions.