'CASHCAT' trader turns $800 into over $1 million on Robinhood's brand new blockchain
COINDESK ·
While we’re building robinhood chain to be the best chain for RWA … it works great for memes too Meanwhile, Pump.fun, the Solana launchpad that created a boom in extremely short-term memecoin trading, announced on July 8 that it had added support for Robinhood Chain tokens, letting users trade them without bridging. "It's only right that the leading app in trading edge supports everything that traders want to speculate on," co-founder Alon Cohen wrote on X . While the trade is the kind of story that draws people in, it does not fully show the buyers who bought after a token had already gained several hundred percent in a day, or the ones still holding as it retraces. A token whose market value swung by tens of millions of dollars within hours can take that value back on the same timescale, causing steep losses for traders who buy at the top. The memecoin frenzy is a mixed result for Robinhood. A new blockchain needs transactions and wallets to look alive, and speculative trading delivers both faster than tokenized Treasuries do. The company has spent months positioning the chain as infrastructure for tokenized equities, with day-one integrations from decentralized exchange Uniswap and oracle service Chainlink. What arrived first was a cat with a fistful of cash, and a chief executive who spent a week arguing that this was precisely the thing crypto needed to outgrow.
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