Stock-Backed Memecoin Artificial Inu Lost Over Half Its Value Despite Nvidia Holdings
- —AI previously topped a $280 million market cap but has shed over half its value in a month
- —Tokenized stocks in the vault are worth roughly 1% of the coin's market value
- —The project's website states holders cannot redeem the vault's assets
- —Super Inu (SI) fell from about $40 million market cap into the teens
Why it matters: The case shows that tokenized-stock backing does not create a price floor or give holders a claim on the underlying assets.
Source: DailyCoin