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Stock-Backed Memecoin Lost Half Its Value Despite Nvidia Holdings

Stock-Backed Memecoin Lost Half Its Value Despite Nvidia Holdings

Photo: DailyCoin

A dog-themed meme coin accounts for roughly 20% of tokenized Nvidia on Robinhood Chain when its trading pool and vault are combined. Yet Artificial Inu has lost more than half its value since the previous month, according to a crypto analyst examining whether stock-linked memes offer investors meaningful protection when enthusiasm fades. Fire Hustle’s central finding cuts through the appeal of “real backing”: assets held by a project do not necessarily give token holders a claim on those assets, much less establish a price floor.

Source: DailyCoin

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