STANDARD token drops 16% in an hour, market cap falls to $28.1 million
- —STANDARD's market cap fell to $28.1 million, losing more than 16% in an hour
- —STANDARD is the token of The Standard Reserve on Robinhood Chain (an Ethereum-compatible L2)
- —The project calls itself an "onchain sovereign central bank" with immutable smart contracts
- —No link between the drop and changes in emission or reserves has been confirmed
Why it matters: The sharp decline of a young Robinhood Chain project's token shows the fragility of liquidity in new ecosystems.
Source: TokenPost