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Farmmi Stock Explodes 350% on Memecoin Frenzy

Guavy AI Editorial Team
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MEME
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Farmmi's stock price skyrocketed by 350% on September 2, momentarily reaching $0.50 after closing at $0.12 the previous session.

The rally was triggered by JINQIAN, a memecoin inspired by Farmmi's mushroom product line, which debuted on Robinhood Chain.

The accompanying FAMI token was not an officially authorized stock token but rather created by an unidentified individual.

JINQIAN's value peaked at an estimated $60-70 million, approximately 10 times Farmmi's pre-rally market capitalization.

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