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Meme Token CHAD experienced a big dump of over 50%, with market capitalization falling to less than $500,000.
According to BlockBeats news on July 17, after Musk posted that "the name of the male companion in Grok humanoid companion will be Valentine," the Meme Token CHAD, previously thought to be the name of the male companion, experienced a big dump of over 50%, with its market capitalization dropping to less than 500,000 USD, though today its market capitalization had once surpassed 10 million USD. BlockBeats reminds users that Meme coins often have no practical use cases and exhibit significant price fluctuations, so investment should be approached with caution.