The Meme Token CHAD experienced a short-term big dump of over 50%, with its market capitalization dropping to less than $500,000. According to GMGN market information on July 17, following Musk's post stating "the male companion in the Grok humanoid companion will be named Valentine," the previously considered male companion name Meme token CHAD saw a short-term fall of over 50%, with its market capitalization dipping below $500,000, although it had previously surpassed $10 million today. BlockBeats reminds users that Meme coins generally have no practical use cases and are subject to significant price fluctuations, so investment should be approached with caution.