Rio Meme Coin Crashes 96% on Cardano After Charles Hoskinson’s Comment

The new meme coin on the Cardano blockchain, RIO, experienced a dramatic price drop of over 96% within an hour. This sharp decline was instigated by a social media comment from Cardano’s founder, Charles Hoskinson. Hoskinson’s clarification regarding the name of his pet parrot, which the coin was named after, led to a massive sell-off.

Source: CoinOtag