DeFi· ★★· bearish·

DeFi researcher Ignas: traders are taking profits in Robinhood Chain stock memecoins

  • Robinhood Chain tokenized-stock TVL has been flat for two consecutive weeks
  • More tokenized shares have been burned than issued
  • Ignas exited his memecoin LP positions as yields dropped sharply
  • He sees capital rotating from Robinhood Chain into tokenized stocks on Solana
Why it matters: Liquidity draining from Robinhood Chain memecoins could add selling pressure and shift capital toward Solana's tokenized-stock market.
Source: PANews