AMC-Linked Memecoin Plummets Over 55% Following Chaotic Launch on Robinhood Chain

The recently launched token known as "A Meme Coin," which is loosely tied to AMC Entertainment, experienced a dramatic decline in value, plummeting over 55% in just 24 hours. This drop follows an explosive but chaotic debut week, marking one of the more tumultuous entries in recent memecoin history.

Initially launched on September 3, 2026, on Robinhood Chain, the token's market cap skyrocketed from approximately $3 million to nearly $150 million within hours. However, the excitement quickly faded, with the price falling from a peak between $0.13 and $0.1585 to around $0.038 by September 5, resulting in an overall loss of about 79% from its highest point.

The launch coincided with a public feud between AMC CEO Adam Aron and Robinhood executives, which contributed to the volatility. Aron criticized Robinhood's tokenized AMC product, calling it "contemptible" and threatening legal action, while Robinhood defended its legality.

Despite the significant price drop, trading volume remained high, fluctuating between $70 million and $150 million, indicating that the coin has not completely lost its appeal. With a current market cap of around $40 million, "A Meme Coin" finds itself at a critical juncture in the memecoin landscape.