BlockBeats reported on Sept. 7 that meme trading remained focused on Robinhood Chain and Solana, citing market data from GMGN. Funds were shown rotating quickly between large-cap leaders and tokens tied to newer narratives.
On Robinhood Chain, MEME, BONER, and PONS remained the main trading names. On Solana, zec and STONK were the two tokens carrying most of the heat.
Robinhood Chain names stay active
PONS made its first attempt to challenge a $1 billion market capitalization on the previous day, with its peak reaching about $990 million. It has since moved into high-level consolidation. The token was last quoted at about $0.801, with a market capitalization of around $802 million, a 24-hour decline of about 15.4%, and roughly $136 million in 24-hour trading volume.
MEME climbed sharply on the previous day and at one point reached a market capitalization of about $174 million before pulling back. The token was last quoted at about $0.096, with a market cap of around $96.5 million, a 24-hour gain of about 118%, and 24-hour trading volume of roughly $108 million.
BONER started moving higher again, and its market capitalization briefly rose above $80 million. GMGN showed its all-time high market capitalization at about $89.3 million. The token was last quoted at about $0.067, with a market cap of around $67 million, a 24-hour gain of about 114%, and 24-hour trading volume of roughly $31.3 million.
Solana rotation shifts to zec and STONK
On Solana, zec also maintained strong turnover and at one point reached a market capitalization of about $114 million. The token was last quoted at about $1,184, with a market cap of around $113 million, a 24-hour gain of about 11.8%, and roughly $90.5 million in 24-hour trading volume.
According to the GMGN data cited by BlockBeats, zec mainly picked up the Zcash/ZEC-related narrative and drew capital attention alongside moves in privacy-coin trading and Solana meme sentiment.
STONK on Solana also posted strong performance, with its market capitalization at one point reaching about $191 million. It was last quoted at about $0.165, with a market cap of around $145 million, a 24-hour gain of about 141%, and 24-hour trading volume of roughly $104 million.
STONK is linked to the stonkfun ecosystem and was described as one of the most concentrated new trading hotspots on Solana in recent sessions.