3 Crypto to Watch on Robinhood Chain as Meme Coin Frenzy Takes Off
Robinhood Chain’s meme coin frenzy accelerated this week after CEO Vlad Tenev mentioned the community “works nice for memes too.” Arrow (ARROW), Tendies (TENDIES), and Dog In Hood (DIH) now stand out behind flagship token Cash Cat (CASHCAT).
The week-old community logged a report $563.9 million in each day decentralized trade (DEX) quantity on July 8. However, most new tokens die inside hours, so dwell liquidity separates contenders from exit scams.
Tenev Gives Robinhood Chain Memes a Green Light
Robinhood constructed its Arbitrum-based layer-2 for tokenized real-world belongings (RWA). Nevertheless, Tenev addressed the meme wave straight on X on July 8.
CASHCAT stays the undisputed chief of the pack. The token trades close to $0.098 with a $97.4 million market cap and $52 million in each day quantity, per BeInCrypto Markets knowledge. It peaked at $0.1455 on July 8, the identical day an Ansem-linked pockets purchased $233,000 value of the token.
This evaluation, due to this fact, skips the chief and examines the three strongest dwell names behind it.
ARROW Rallies 208% however Sellers Test the Trend
ARROW is the chain’s standout mover. The token trades close to $2.85 after a 208% each day achieve, with a $25.7 million market cap, per GeckoTerminal Markets knowledge. The 1-hour chart exhibits a gradual climb from roughly $0.15 on July 7 to a report $3.53 earlier at this time.
Unlike its rivals, the challenge runs a working front-end and documentation at Arrow Finance. That profile locations it nearer to micro-cap DeFi than a pure meme. However, current circulate is sell-heavy, and liquidity sits close to $156,000, per DEX Screener.
Holding the newest candle low close to $2.68 might arrange a retest of $3.53. Losing that degree could drag the worth again to the $2.00 space, the place the final consolidation fashioned.
TENDIES Defends Its Breakout Above $0.0030
TENDIES broke out on July 8, leaping from beneath $0.001 to a $0.0055 peak. The WallStreetBets-themed token now trades close to $0.0038 after a 24% achieve on the newest hourly candle, per GeckoTerminal knowledge.
Buy and promote circulate stays balanced, and liquidity stands at about $196,000, per DEX Screener. The group organizes round WallStreetBets slang on Reddit and a “wsbverse” Discord, which provides the token a ready-made tradition.
The breakout stays legitimate whereas the worth defends $0.0030. In distinction, an in depth above $0.0055 might affirm a recent leg increased.
DIH Attempts a Base After a 55% Slide
DIH affords the group’s cautionary chart. The token peaked close to $0.0098 on July 8, then retraced sharply on heavy quantity. It now sits close to $0.0036, down 55% in 24 hours, with a $3.57 million market cap.
Selling has cooled, although, and up to date hourly candles turned inexperienced. Moreover, DIH nonetheless holds the deepest liquidity of the three at roughly $226,000, per DEX Screener.
Bulls want to defend the current low at $0.0029. Reclaiming $0.0050 would counsel an actual base is forming, whereas a breakdown might ship the worth again to launch ranges.
Rug Pulls Stalk Robinhood Chain’s Winners
GameStop (GME), a meme-stock callback with about $151,000 in liquidity, fell 33% in a day and exhibits how briskly momentum reverses. The greater hazard sits beneath. COOPER, VladDog, and VLAD every logged $9.5 million to $19 million in trailing DEX quantity, but their swimming pools at the moment are drained.
Roughly 16,000 tokens launched on the chain in a single day after its mainnet debut, and most died inside hours. Even the dwell names carry skinny liquidity, so slippage and exit danger keep high.
Meanwhile, critical deployments such as the World prediction market maintain migrating to the community, pulling in recent wallets. For now, ARROW, TENDIES, and DIH maintain actual two-sided markets. Whether they mature or be part of the graveyard relies upon on the place that new liquidity settles.
The submit 3 Crypto to Watch on Robinhood Chain as Meme Coin Frenzy Takes Off appeared first on BeInCrypto.
