Fable Meme Coin Crashes as Creator Claims Hack, Collects Fees

“i am fable,” a meme coin launched on Robinhood Chain, drew attention through creator Kevin Ngo and the online following of his AI account. The episode matters beyond another bout of speculative token volatility: it raises questions about accountability when a creator’s public wallet is linked to a token deployment and receives trading-fee revenue, even as the creator denies authorizing the launch.

Within three hours of going live, fable’s market capitalization climbed above $10 million before plunging more than 90%. Ngo said his account had been hacked and that he did not endorse the token. Blockchain records, however, showed the deploying wallet matched the public address associated with his AI account. After the denial, the address continued withdrawing from the fee pool, collecting nearly 80 ETH in total and fueling skepticism over his explanation and the flow of proceeds.