Crypto
Robinhood Chain memecoin investors post 63% losses, CashCat down 75%
More than 6 out of 10 investors in top memecoins traded on Robinhood Chain have posted losses, an analysis found. Bubblemaps said only 37% of 164,538 traders in the chain’s 50 most-traded tokens were profitable, while 63% were in the red. Trading surged after a 90-day gas-fee subsidy and a CashCat boom, but CashCat has fallen about 75% from its July 11 peak.
