Meme coin ASTEROID market cap falls below $3 million, drops over 50% in 20 minutes

TechFlow reports, August 01, according to GMGN market data, the market cap of BNB Chain ecosystem meme coin ASTEROID has fallen below $3 million, with a 52.59% drop within 20 minutes.

Previously, BNB Chain officially stated that a former employee used the original official test wallet without authorization to deploy a new meme token, and has taken legal action regarding this matter. It emphasized that it did not participate in the creation, authorization, or promotion of the relevant token, the token is not associated with BNB Chain, nor has it received official endorsement.