Chain Funds Shift from Robinhood to Solana, Analyst Notes

iconKuCoinFlash
Share
This is the logo of the coin.
SOL
$101.23-3.36%
This is the logo of the coin.
RAY
$1.342.02%
This is the logo of the coin.
JUP
$0.2284-8.96%
This is the logo of the coin.
ORCA
$1.41-2.87%
This is the logo of the coin.
MET
$0.20950%
AI summary iconSummary
On-chain data shows capital shifting from Robinhood Chain to Solana, according to DeFi researcher Ignas. Over the past 24 hours, Solana’s infrastructure tokens—including RAY, JUP, ORCA, and MET—rose sharply. Bridged funds on Robinhood Chain declined by $47.8 million. On-chain analysis reveals a clear trend in fund movement.

Odaily Planet Daily report: DeFi researcher Ignas posted on X that there appear to be signs of partial on-chain capital shifting from the Robinhood ecosystem to Solana. Over the past 24 hours, tokens related to Solana’s trading infrastructure performed strongly, with RAY rising 60%, JUP up 21%, ORCA up 12%, and MET up 13%. Additionally, cross-chain data shows that bridged funds to Solana increased by approximately $18.8 million, while funds on Robinhood Chain decreased by approximately $47.8 million.

Ingas believes that although the current bridge volume remains small relative to total TVL, some traders may be taking profits from Robinhood ecosystem meme coins and shifting their purchases to infrastructure tokens on Solana, betting on a similar market surge.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.