Robinhood Chain: Memecoin activity surges

Robinhood Chain launched and immediately became a major new venue for memecoin activity.

After a post from the Robinhood CEO about memecoins, network activity surged sharply.

The token Cashcat reportedly reached around $100M in market cap after the CEO followed the project.

More than 11,000 meme tokens were created after the tweet, and the chain’s total capitalization over 24 hours exceeded $140M.

The post also highlighted ways to use the new chain, including bridging funds, providing liquidity, and trading new memecoins.