How an Unofficial Token Triggered a 350% Intraday Surge in Farmmi Stock

On September 2, Nasdaq-listed Farmmi (FAMI) saw its stock price surge 350% intraday, fueled by a meme coin named JINQIAN on the Robinhood Chain that used the 'FAMI' ticker. Unlike official Robinhood stock tokens backed by real shares, the on-chain FAMI token is an unofficial asset with no arbitrage mechanism or real-stock backing. The surge was driven by trader confusion and social media hype, demonstrating how on-chain activity can influence real-world stock prices through attention and misinterpretation, particularly for micro-cap stocks with low liquidit