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Details: ht
Data: PINKFONG market capitalization has fallen from a peak of 500 million USD to currently only about 1 million USD in less than a day.
Wu learned that the Meme coin PINKFONG, promoted by Story Protocol and launched on ip world, saw its market capitalization drop from a peak of 500 million USD to currently only about 1 million USD in less than a day. PINKFONG is a well-known children's educational cartoon character. Pinkfong's official Twitter stated that some crypto platforms have unauthorizedly used the company's intellectual property to issue virtual assets; these platforms have spread false and misleading information about their virtual assets, leading people to mistakenly believe that these tokens have received official authorization from the company. Ip world stated that this is an agreement reached between IP World and Pinkfong's authorized partner BBF Limited Foundation, and Story was never involved in this agreement; this token issuance has the endorsement of Pinkfong's founder (who mistakenly believed that BBF's authorization was valid); the IP verification process has been suspended, and only the Pinkfong company can choose to collect the fees generated.