0xSun: Robinhood Chain May Drive Meme Momentum; CASHCAT, PIPEDOG and Other Projects Worth Watching

Odaily Planet Daily News Trader 0xSun stated that during Robinhood's earnings call, the only token appearing in a fleeting search box was CASHCAT. Meanwhile, Robinhood CEO Vlad mentioned when discussing Robinhood Chain that the chain will be built around RWA, and added that he also likes Meme coins.

Influenced by this, CASHCAT's market cap rebounded from approximately $30 million to nearly $50 million. 0xSun believes that an ideal price trajectory for a public chain is similar to the Base ecosystem in late 2024, initially driven by factors such as the founder's influence and team background, and subsequently ignited by events like exchange listings. Currently, Robinhood possesses similar conditions, and tokens on its chain may benefit from the expectation of potential exchange listings.

Additionally, 0xSun mentioned that the Meme coin PIPEDOG on Robinhood Chain saw its market cap rapidly break through $75 million within a few hours. The project team locked the liquidity pool and refunded 173 ETH to users affected by the first contract. The project currently has deep liquidity, with approximately $4.5 million worth of ETH in the pool at a market cap of about $30 million.

HOODRAT, which was previously active, nearly went to zero due to the overall downturn of the Robinhood Chain. Recently, after catching the attention of Matt, the original author of the Pepe comic, its market cap recovered from a low of $500,000 to $5 million.

Beyond Meme coins, 0xSun also noted that STONKBROKER is currently one of the better projects in the Robinhood ecosystem integrating NFTs, RWAs, and game mechanics, and is worth continuous attention.