Robinhood’s chain ecosystem drew fresh attention this week as several projects gained momentum at the same time. CASHCAT, which recently launched on Robinhood, rebounded more than 30% in a single day after stabilizing from earlier community concerns tied to alleged sniper positioning around its listing, according to GMGN market data. Its market capitalization was quoted at $121 million.
RWA project StonkBroker also moved higher across both its token and NFT lines. The STONKBROKER token kept climbing to new highs, with its market cap reported at $82.76 million. Its NFT floor price stood at 12 ETH, making it the third-largest NFT collection by market capitalization behind Bored Ape Yacht Club and CryptoPunks, according to the report. Meanwhile, MANCER, a project within the StonkBroker ecosystem, crossed a $10 million market cap just two days after launch and was last quoted at $10.61 million. The project is described as aiming to become a leading DEX on the Robinhood chain. BlockBeats said the projects are still in an early stage and carry significant uncertainty.
Robinhood’s chain ecosystem was a focus of community discussion this week, with developments including CASHCAT’s launch on Robinhood and Uniswap entering the market as a token issuance platform, according to BlockBeats on Aug. 9.
GMGN market data showed that CASHCAT began to stabilize after facing questions over alleged sniper positioning around its listing. The token then rebounded more than 30% in a single day, bringing its market capitalization to $121 million.
RWA project StonkBroker also posted gains. Its token, STONKBROKER, continued climbing and set fresh highs, with market capitalization reported at $82.76 million. The floor price of STONKBROKER NFTs was quoted at 12 ETH, placing the collection third by market capitalization behind Bored Ape Yacht Club and CryptoPunks.
MANCER, another project in the StonkBroker ecosystem, surpassed a $10 million market capitalization two days after launch and was last reported at $10.61 million. The project is positioned as aiming to become a leading DEX protocol on the Robinhood chain.
BlockBeats cautioned that the projects remain at an early stage and carry substantial uncertainty, and said users should be careful with investment decisions.
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