🔥🔥🔥A MEME BOOM LED TO $18M IN LOSSES AND A HALVING OF VOLUMES IN 3 MONTHS
Robinhood Chain launched on July 1 as an Arbitrum-based L2 for tokenized stocks, but memecoins were the first to take off 🚀 $CASHCAT surged by more than 2000% in a week and reached a market cap of around $156 million, and since August 6, it has even been tradable in the Robinhood app.
Then came the downside 📉 On September 27, analyst Wazz linked 53 token launches to a single rug-pull scheme that took at least $18.43 million. Daily DEX volume fell from $1.88 billion to $947 million after the free gas period ended. Binance Square data show the same trend: over 30 days, prices in the category rose by 41%, while its market cap fell by 38%—meaning the riskiest players are the ones left in the market ⚠️
#robinhoodchain #memecoins #CryptoSafety #arb
Robinhood Chain launched on July 1 as an Arbitrum-based L2 for tokenized stocks, but memecoins were the first to take off 🚀 $CASHCAT surged by more than 2000% in a week and reached a market cap of around $156 million, and since August 6, it has even been tradable in the Robinhood app.
Then came the downside 📉 On September 27, analyst Wazz linked 53 token launches to a single rug-pull scheme that took at least $18.43 million. Daily DEX volume fell from $1.88 billion to $947 million after the free gas period ended. Binance Square data show the same trend: over 30 days, prices in the category rose by 41%, while its market cap fell by 38%—meaning the riskiest players are the ones left in the market ⚠️
#robinhoodchain #memecoins #CryptoSafety #arb