Wallet posts $4.7 million profit on two Robinhood Chain tokens

  • 0x7e3ba recorded profitable trades in two Robinhood Chain tokens.
  • The wallet’s combined profit exceeded $4.7 million, mostly remaining unrealized.
  • $PONS generated more than $930,000 in application revenue on August 30.

Onchain trackers identified address 0x7e3ba as the trader behind profitable positions in two Robinhood Chain tokens, with combined gains exceeding $4.7 million, most of them still unrealized. Robinhood Chain launched in July as an Ethereum layer-2 network built on Arbitrum’s technology and has hosted sharp memecoin moves. $CASHCAT rose more than 1,400% in 24 hours and over 5,500% in a week during July, while $PONS later followed a similar path. Pons is a token-creation and issuance service on Robinhood Chain, and its platform token uses WETH fee revenue to repurchase and burn $PONS. Pons generated more than $930,000 in application revenue on August 30, representing roughly 35% of the Robinhood Chain ecosystem’s total earnings that day. Bitcoin.com News previously reported that $CASHCAT had a $150 million market valuation against only $6.6 million in actual liquidity, leaving its price vulnerable to coordinated selling. The wallet’s eventual outcome will depend in part on whether $PONS continues generating the fee revenue supporting demand.

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