Early trading on Aug. 31 brought a sharp drop in crypto prices, wiping out part of the weekend gains in a range of on-chain hot tokens. GMGN data shows BSC meme coin Niu Lai has fallen below the $100 million market cap, now at $98.82 million. On Robinhood chain, the pullback was harsher, with only PONS and CASHCAT showing relative strength. PONS touched a new high of $400 million in the early hours and then slipped to $321 million, while CASHCAT briefly broke below $200 million before recovering to $201 million. Elsewhere, microduck's market cap declined to $14.67 million, down 18.2% in 24 hours. AI fell to $89.53 million, a 20.82% drop, and NET dropped 37.21% to $64.31 million. Not everything lost ground. STATICS, a newly launched DeFi protocol on Robinhood chain, has climbed sharply after only three days on the market, pushing its market cap above $40 million with a 24-hour gain of 455%. The mixed moves highlight persistent volatility across meme trade after the latest round of rapid appreciation.
Cryptocurrency markets took a sharp dip early on Aug. 31, and the on-chain tokens that had rallied through the weekend quickly gave back gains.
Meme tokens slide
According to GMGN market data, BSC-based meme token Niu Lai fell below the $100 million market cap line, now at $98.82 million.
Robinhood chain suffered an even harder pullback. Only PONS and CASHCAT managed to stay relatively strong. PONS hit a new high of $400 million in the early hours before retreating to $321 million. CASHCAT briefly dropped below $200 million and now sits at $201 million.
24-hour losses grow
Other hot tokens saw deeper losses over the past day. microduck's market cap fell to $14.67 million, down 18.2%. AI's market cap dropped to $89.53 million, down 20.82%. NET fell to $64.31 million, a 37.21% decline.
One exception: STATICS, a newly listed DeFi protocol on Robinhood chain, has been climbing. Its market cap crossed $40 million just three days after launch, with a 24-hour gain of 455%.
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