On-chain analytics firm Bubble Maps reports that most of the people trading the largest meme coins on the Robinhood chain remain behind the scenes.
According to the report, of the 164,538 traders active across the network’s top 50 tokens, only 37% are profitable, while the remaining 63% are in losses.
Are traders profiting from Robinhood Chain?
On-chain analytics firm Bubble Maps wrote about X, “Robinhood’s trenches are brutal” and called the meme coin market “a tough game.”
robin hood chain, Trajectory determination layer 2 blockchain It was built on Ethereum to reduce fees and went live on July 1, 2026.
However, of the 164,538 traders active across the network’s top 50 tokens, only 37% are profitable. The remaining 63% lost money.
Cryptopolitan reported $cashcat ($cashcat), the token modeled after Robinhood’s old cat mascot, soared 718% in 24 hours to a $68 million market cap on July 8, when Robinhood CEO Vlad Tenev publicly expressed enthusiasm for the meme coin on the network. However, since then, the tokens have been leaked.
The token is It is trading at around $0.0557has fallen about 75% from its all-time high of $0.2252 on July 11, with a market capitalization of nearly $55.7 million and approximately 4,840 holders. Approximately 25,000 wallets are reportedly kept there. $cashcat On July 13th, the token’s market cap was close to $150 million.
Is the Robinhood Chain meme price drop a planned fire sale?
BubbleMaps ran beyond tallying winners and losers. Distribution check When I looked into the individual tokens, I found that $cashcat We can see that there is no major ownership cluster, and ownership is definitely dispersed.
Several clusters that existed at the time of the token launch have already sold out their positions. According to the check, the losses are: $cashcat It comes from normal price action, not from supply-focused groups.
cash dogOn the other hand, was flagged and labeled as heavily bundled. Bubble Maps said the holders were being funded through one-off contracts, suggesting a tailored setup rather than a natural purchase.
Robinhood is currently covering gas fees for the first 90 days of wallet transactions to attract more users. Combined with that incentive, $cashcat This frenzy has driven on-chain decentralized exchanges to $3.1 billion in trading volume in seven days.
meme token Followed by Wen Lambo, Tendies, Hoodrat and others. DeFiLlama is Total value is locked It traded for about $227 million on Saturday.
The tokenized stocks that Robinhood actually built a chain to sell have received far less interest so far, accounting for just $12.66 million. Market capitalization on the network. At its peak, $cashcat That alone was worth 12 times that number.
The industry is watching to see whether on-chain activity remains constant after gas subsidies expire at the end of September and traders start paying their own fees.
