Broad declines hit popular meme coins in the Robinhood ecosystem, with the MEME token falling more than 50% in nearly six hours.
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According to GMGN market data, popular meme coins in the Robinhood ecosystem have seen broad declines, with details as follows: · CASHCAT fell over 19% in 24 hours, dropping to a market cap of $214 million; · AI dropped nearly 5% in 24 hours, hitting a market cap of $227 million; · BONER plummeted over 12% in 24 hours, with a market cap of $42.69 million; · microduck fell more than 28% in 24 hours, reaching a market cap of $23.55 million; · Newly launched meme coin MEME plunged over 50% in 6 hours, falling to a market cap of $39 million. Robinhood Chain was reportedly hit by an outage yesterday, but Arbitrum later issued a clarification stating that the chain did not experience an outage today. Due to Blob activity in the L1 market, Robinhood Chain previously faced batch transaction delays, though user-initiated direct transactions were not affected. Over the past 24 hours, Robinhood Chain recorded a total net outflow of $21 million, making it the largest net outflow party of the day. BlockBeats reminds users: Most meme coins lack practical use cases and are highly volatile. Please protect your assets and avoid FOMO.
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