Meme token CHAD plummeted by over 50% in a short period of time, with its market value dropping to less than $500000

BlockBeats news, on July 17th, according to GMGN market information, after Musk announced in a post that "the male companion name in Grok humanoid companions will be Valentine", the Meme token CHAD, which was previously thought to be a male companion name, plummeted by more than 50% in a short period of time, and its market value fell to less than $500000. Today, its market value exceeded $10 million. BlockBeats reminds users that many Meme coins have no practical use cases and their prices fluctuate greatly. Investors should be cautious.