ANON, the token behind HeyAnon, surged Friday after founder Daniele Sesta said he had deployed a custom automated market maker called Equilibra on Robinhood Chain.
In a follow-up post, Sesta tied the product directly to the token, writing, 「Equilibra is part of $Anon like everything I've cooked. One token to rule them all.」 HeyAnon has operated since late 2024 as an AI interface for DeFi transactions, while Equilibra is positioned as a market-making venue that, by Sesta’s account, routes back to the same token.
Token price and trading activity spiked
According to CoinGecko, ANON traded at $0.6967 at publication, up 220.5% over the previous 24 hours. It climbed as high as $1.00 intraday after falling to a 24-hour low of $0.2159. Its all-time low of $0.2033 was recorded on Sept. 10, one day before the announcement.
Twenty-four-hour trading volume reached $3.2 million, about 15 times the prior day’s level. Market capitalization stood at $10.7 million, based on a circulating supply of 15.3 million tokens, against a maximum supply of 21 million.
Sesta’s announcement included product claims but few launch details
Sesta announced Equilibra at 11:18 a.m. ET, writing, 「Everyone says DeFi is dead. I took it personally. Meet Equilibra: a custom AMM with adaptive fees, concentrated depth + optional auto-repeg. Deployed on Robinhood Chain. Testing now.」
The post did not include a contract address, a documentation link or a launch date. Forty minutes later, he added, 「It trades on Robinhood chain. If you interested in real tech.」
Robinhood Chain adds another AMM venue
Robinhood Chain is a Layer 2 network built on the Arbitrum stack. It went live on mainnet on July 1 with Uniswap deployed as the public liquidity protocol and Pleiades as a proprietary trading AMM. Robinhood also lined up Rialto, Lighter, 1inch and Arcus to support stock token trading.
That makes Equilibra a third-party AMM arriving on a chain where the main liquidity venues were set by Robinhood at launch.
ANON liquidity remains concentrated on other chains
ANON’s own liquidity still sits elsewhere. Per DEX Screener, the deepest pool is a Uniswap V3 ANON/WETH pair on Ethereum holding about $430,000, created 29 days ago.
On Solana, Raydium’s ANON/WSOL pair posted $988,000 in 24-hour volume, the largest single market. DEX Screener lists ANON pairs across Ethereum, Solana, Sonic and Base. The token also trades on MEXC, Gate and KCEX.
Still far below its 2025 peak
Sesta coined the term DeFAI around HeyAnon’s December 2024 presale, pitching a natural-language interface that abstracts DeFi transactions behind prompts. The token then went sharply higher in January 2025, reaching a $118 million market cap and an all-time high of $24.73 on Jan. 16.
Even after Friday’s move, ANON remained 97% below that peak and was down 85% over the past year. Over shorter periods, it was up 43.5% on the week and 39% on the month.
Sesta, who created TIME Wonderland in 2021, posted on Sept. 4 that 「the amount of developed ideas during the last few months is staggering」 and said he 「needed proper ammunition before going to war.」 That post remains pinned to his profile.