Memecoin Trading Volume Hits $593M in 24 Hours, Robinhood Takes 48.2%
- —Total memecoin trading volume over 24 hours was $593 million
- —Robinhood accounted for $286 million, or 48.2% of the total
- —Solana took $206 million (34.8%), BNB $57.31 million (9.7%)
- —Robinhood and Solana together accounted for 83% of volume
Why it matters: The decline in volume and Robinhood's share versus the previous reading points to cooling activity in memecoins.
Source: TokenPost