Farmmi (FAMI) Stock Pumped 350% Because of a Mushroom Memecoin

Farmmi stock surged as much as 350% on September 2, briefly hitting $0.50 from a closing price of $0.12 the day before. The spike was triggered by a memecoin called JINQIAN, named after one of Farmmi’s mushroom products, launched on Robinhood Chain.