On-chain analytics agency Bubble Maps experiences that most people buying and selling the most important meme cash on the Robinhood chain stay behind the scenes.
In accordance with the report, of the 164,538 merchants lively throughout the community's high 50 tokens, solely 37% are worthwhile, whereas the remaining 63% are in losses.
Are merchants cashing in on Robinhood Chain?
On-chain analytics agency Bubble Maps wrote about X, “Robinhood’s trenches are brutal” and referred to as the meme coin market “a tricky sport.”
robin hood chain, Trajectory willpower layer 2 blockchain It was constructed on Ethereum to cut back charges and went stay on July 1, 2026.
Nonetheless, of the 164,538 merchants lively throughout the community's high 50 tokens, solely 37% are worthwhile. The remaining 63% misplaced cash.
Cryptopolitan reported $cashcat ($cashcat), the token modeled after Robinhood's previous cat mascot, soared 718% in 24 hours to a $68 million market cap on July 8, when Robinhood CEO Vlad Tenev publicly expressed enthusiasm for the meme coin on the community. Nonetheless, since then, the tokens have been leaked.
The token is It’s buying and selling at round $0.0557has fallen about 75% from its all-time excessive of $0.2252 on July 11, with a market capitalization of practically $55.7 million and roughly 4,840 holders. Roughly 25,000 wallets are reportedly stored there. $cashcat On July thirteenth, the token's market cap was near $150 million.
Is the Robinhood Chain meme value drop a deliberate hearth sale?
BubbleMaps ran past tallying winners and losers. Distribution examine After I appeared into the person tokens, I discovered that $cashcat We will see that there is no such thing as a main possession cluster, and possession is certainly dispersed.
A number of clusters that existed on the time of the token launch have already offered out their positions. In accordance with the examine, the losses are: $cashcat It comes from regular value motion, not from supply-focused teams.
money canineThen again, was flagged and labeled as closely bundled. Bubble Maps mentioned the holders have been being funded by means of one-off contracts, suggesting a tailor-made setup somewhat than a pure buy.
Robinhood is at present masking gasoline charges for the primary 90 days of pockets transactions to draw extra customers. Mixed with that incentive, $cashcat This frenzy has pushed on-chain decentralized exchanges to $3.1 billion in buying and selling quantity in seven days.
meme token Adopted by Wen Lambo, Tendies, Hoodrat and others. DeFiLlama is Complete worth is locked It traded for about $227 million on Saturday.
The tokenized shares that Robinhood truly constructed a series to promote have obtained far much less curiosity up to now, accounting for simply $12.66 million. Market capitalization on the community. At its peak, $cashcat That alone was price 12 occasions that quantity.
The business is watching to see whether or not on-chain exercise stays fixed after gasoline subsidies expire on the finish of September and merchants begin paying their very own charges.
