Solana sees $18.8M bridge inflow as Robinhood Chain loses $47.8M

  • Ignas identified apparent capital rotation from Robinhood Chain toward Solana.
  • $18.8 million entered Solana via bridges while Robinhood Chain saw $47.8 million leave.
  • STONK, a launchpad token, briefly gained about 360% on Sept. 7.

Crypto-market funds appeared to rotate from Robinhood Chain toward Solana on Sept. 7, DeFi researcher Ignas said in a post on X. Over the previous 24 hours, Solana ecosystem tokens rose sharply: RAY gained about 60%, JUP 21%, ORCA 12% and MET 13%. By contrast, AI fell 11.5% and CASHCAT declined 5.8%, while Robinhood Chain’s meme sector dropped about 16.5%. Cross-chain bridge data showed roughly $18.8 million in net inflows to Solana and about $47.8 million in net outflows from Robinhood Chain during the same period. Although those flows remain small relative to the two networks’ total value locked, the change may indicate that some traders were taking profits on Robinhood Chain meme coins and moving into Solana trading-infrastructure tokens to remain engaged with the market’s momentum. STONK, the token of a launchpad supporting pairings between meme coins and assets such as tokenized stocks and currencies, briefly rose about 360% and became a market focus.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.