AMC memecoin drops over 55% in 24 hours after wild launch on Robinhood Chain

The token literally called “A Meme Coin,” launched on Robinhood Chain and loosely associated with AMC Entertainment, has cratered after one of the more chaotic debut weeks in recent memecoin history. The coin’s price fell over 55% in a single 24-hour stretch, extending a broader collapse that has now erased roughly 79% from its intraday peak. At its high point, the token traded between $0.13 and $0.1585. By September 5, it was sitting around $0.038, a level that makes the initial euphoria feel like a fever dream. From $3 million to $150 million and back “A Meme Coin” launched on September 3, 2026, on Robinhood Chain, the blockchain platform Robinhood rolled out in July 2026 to support tokenized equities and 24/7 trading. The token has a total supply of 1 billion. Within hours of going live, the market cap rocketed from approximately $3 million to nearly $150 million. After peaking, the token gave back the vast majority of its gains in a swift retracement. Trading volume remained elevated, fluctuating between $70 million and $150 million even as the price cratered. The market cap settled around $40 million after the dust cleared. The Aron-Robinhood feud that lit the fuse What made t...