Most memecoin traders on Robinhood Chain, an Arbitrum-based Ethereum layer-2 network, made little or lost money, according to Unfolded. Of 375,740 wallets that traded memecoins, 95.2% either lost money or recorded profits of $100 or less. Only 229 traders, or 0.06%, made more than $10,000, while 653 traders, or 0.17%, exceeded $5,000. A further 3,504 traders, representing 0.9%, made more than $1,000.