MEXC delists 'IQ 276' founder's LAMB coin hours after listing

Cryptocurrency exchange MEXC has announced the delisting of the LAMB coin just three hours and 45 minutes after its debut. LAMB is the ticker for LAMB276, a cryptocurrency issued and promoted by Kim Young-hoon, who claims to have the world's highest IQ. The coin, which was sold for $1 each during its presale, briefly touched $0.275 immediately after listing on MEXC before plummeting to $0.035 within an hour, falling below its initial price. In response, MEXC announced it will refund users who purchased LAMB and fully compensate those who sold at a loss. CoinNess previously reported that on-chain analyst ZachXBT had raised concerns about Kim's coin issuance, questioning the effectiveness of using religious themes to promote a token sale in 2026.