Analyst: On-chain funds may be rotating from Robinhood Chain to Solana

Odaily Planet Daily News DeFi researcher Ignas posted on platform X, stating that the market appears to show signs of on-chain funds rotating from the Robinhood ecosystem to Solana. Over the past 24 hours, tokens related to trading infrastructure in the Solana ecosystem have performed strongly, with RAY rising 60%, JUP rising 21%, ORCA rising 12%, and MET rising 13%. Additionally, cross-chain data shows that Solana bridge inflows increased by approximately $18.8 million, while Robinhood Chain decreased by approximately $47.8 million.

Ignas believes that although the current bridge volume remains relatively small compared to overall TVL, some traders may be taking profits on Robinhood ecosystem Meme coins and shifting to buy trading infrastructure tokens on Solana, betting on a similar market rally.