A Meme Coin, a token launched on Robinhood Chain and loosely associated with AMC Entertainment, fell more than 55% in 24 hours and roughly 79% from its intraday high after a volatile debut. The token, which has a total supply of 1 billion, began trading on September 3, 2026 and briefly lifted its market capitalization from about $3 million to nearly $150 million. It traded as high as $0.13 to $0.1585 before falling to around $0.038 by September 5, with its market capitalization settling near $40 million. Trading volume remained between $70 million and $150 million during the selloff. The launch coincided with a public dispute between AMC Entertainment CEO Adam Aron and Robinhood over a tokenized AMC product. Aron called the product contemptible, demanded its termination and threatened legal action, while Robinhood executives defended its legality. Robinhood Chain did not create or endorse A Meme Coin; as a permissionless network, it allows users to launch tokens independently.