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3 Meme Coins to Watch on Robinhood Chain

Robinhood Chain processed greater than $1.06 billion in decentralized trade (DEX) quantity over 24 hours, its first billion-dollar day. Three meme cash drove a lot of that exercise.

The community launched on July 1 to host tokenized shares. Two months later, speculative tokens and the launchpads minting them account for many of its visitors.

Robinhood Chain Volume Sets a Record Above $1 Billion

Dune knowledge reveals the chain’s each day DEX quantity peaked close to $800 million throughout its July launch week. Activity then bled away by means of August, bottoming between $150 million and $200 million.

Robinhood Chain DEX quantity / Source: Dune

The restoration started round Aug. 21. Volume has climbed virtually vertically since, passing the $874.8 million record set on Aug. 30.

Robinhood Chain DEX quantity over the past 24 hours at $1.06 billion / Source: Dune

That timing issues. PONS, AI, and CASHCAT all broke out of lengthy consolidations inside the identical 72-hour window. That window ran roughly Aug. 21 to Aug. 24, which makes the cash and the quantity restoration one occasion relatively than two.

The chain processed 5.52 million transactions on Aug. 30. Meanwhile, Pons, GMGN, and Uniswap collectively captured shut to 88% of software income, in accordance to DefiLlama.

PONS Price Climbs 20% to $0.42 After an 11x Run

Pons (PONS) trades at $0.443, up 20.4% in 24 hours, with a market cap close to $300 million. That ranks it 133rd by capitalization.

The chart explains the transfer. PONS drifted between $0.030 and $0.045 for 3 weeks earlier than Aug. 23. It then ran roughly 11x to a high slightly below $0.49.

PONS 4-hourly chart / Source: CoinGecko Terminal

Its launchpad minted about 22,600 tokens in a single day. However, PONS is essentially the most prolonged of the three, and its newest four-hour candle closed 8% under the high.

Artificial Inu Trades Against Tokenized NVDA

Artificial Inu (AI) is the structurally uncommon one. CoinGecko Terminal reveals that pool close to $0.185 after beginning August under one cent. The token holds greater than $3.3 million of liquidity towards NVDA, roughly triple the depth of its WETH pool.

AI 4-hourly chart / Source: CoinGecko Terminal

Traders elsewhere have examined comparable pairings, together with a meme coin quoted towards tokenized GameStop. Several unrelated tokens additionally use the AI ticker, so pool addresses matter right here.

CASHCAT Price Stalls Near $0.21 as Traders Rotate

Cash Cat (CASHCAT) trades at $0.215, up 3.1% in 24 hours, with a $212 million market cap. It led the chain’s July launch week.

In distinction to PONS, the token has stalled. It climbed about sixfold in August to $0.253 on Aug. 27, then ranged between $0.175 and $0.245 on thinning quantity.

CASHCAT 4-hourly chart / Source: CoinGecko Terminal

Its four-hour quantity of roughly 147,000 sits properly under PONS at 440,000. Capital seems to be rotating previous the incumbent relatively than accumulating. Wider RWA and meme coin flows present an analogous sample.

September now checks whether or not the quantity holds as soon as hypothesis cools. Application income belongs to the protocols, not to Robinhood Chain. The firm’s second-quarter crypto transaction income fell 38% to $100 million, at the same time as tokenization expands.

The put up 3 Meme Coins to Watch on Robinhood Chain appeared first on BeInCrypto.

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