On-chain analytics firm BubbleMaps reports that most of the people trading the largest meme coins on the Robinhood Chain are underwater.
Reportedly, only 37% of the 164,538 active traders across the network’s top 50 symbols made profits, while the remaining 63% lost money.
Do traders make money on Robinhood chain?
“Robinhood’s trenches are brutal,” BubbleMaps, an on-chain analytics firm, wrote on X, calling the memecoin market a “tough game.”
Robinhood Series, A Orbit decision layer-2 blockchain It was built on top of Ethereum to reduce fees, and launched on July 1, 2026.
However, out of 164,538 active traders across the top 50 symbols on the network, only 37% made profits. The remaining 63% lost money.
Cryptopolitan I mentioned CASHCAT (CASHCAT), the token modeled after Robinhood’s old cat mascot, jumped 718% in 24 hours to reach a market cap of $68 million on July 8, when Robinhood CEO Vlad Tenev publicly expressed his welcome to memecoins on the network. However, since then, the token has bled.
The code is Trading at approximately $0.0557down about 75% from its all-time high on July 11 of $0.2252, with a market cap of nearly $55.7 million and about 4,840 holders. There were reportedly about 25,000 wallets holding CASHCAT on July 13, when the token held a market cap of close to $150 million.
Are Robinhood Chain Meme Price Drops Coordinated Pranks?
In addition to counting winners and losers, BubbleMaps was put into action Distribution checks On individual tokens I found that CASHCAT shows no major clusters of owners and a strong spread of ownership.
A few of the lots that were around when the token was launched have already been sold out of their positions. Checks show that losses in CASHCAT are coming from normal price action, not from a focused group sitting on the offer.
Cashdogon the other hand, are marked and categorized as highly aggregated. BubbleMaps said its holders were funded through one-off contracts, meaning a coordinated set-up rather than an organic purchase.
Robinhood is currently covering gas fees for wallet transactions for the first 90 days in order to attract more users. This incentive, coupled with the CASHCAT frenzy, brought $3.1 billion in volume over seven days to on-chain decentralized exchanges.
Meme symbols Like Wayne Lambeau, Tendez and Hudrat follow closely behind. DeFiLlama has been linked to The total value is closed On-chain for about $227 million on Saturday.
The token shares that Robinhood has already set up on series for sale have attracted much less attention so far, with a value of just $12.66 million. Market value on the network. At its peak, CASHCAT alone was worth twelve times that number.
The industry is watching whether on-chain activity will remain flat once gas subsidies end in late September and traders begin covering their fees.
