Meme Token MEME Declines as Robinhood Chain's Influence Fades, While CASHCAT and PONS Gain Ground

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MEME
$0.000516-8.34%
This is the logo of the coin.
CASHCAT
$0.1604-20.11%
This is the logo of the coin.
PONS
$0.6403-21.16%
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On-chain data shows the meme token MEME dropped sharply on September 4, following a decline in AMC’s pre-market stock price, with its market cap now at $91.13 million. On-chain analysis reveals the Robinhood chain’s siphon effect is weakening, allowing CASHCAT to rise 6.34% in the last hour to a $284 million market cap, while PONS surged 10.19% to a new high of $740 million.

BlockBeats news, September 4: According to GMGN market data, following a pre-market decline in AMC stock, the trending token MEME, which saw a market cap exceeding $100 million in a single day, has significantly pulled back and is now trading at $91.13 million.


As a result, the Robinhood chain vampire effect has weakened, and major cryptocurrencies have shown significant rebounds, including:


CASHCAT has a market cap of $284 million and has risen 6.34% in the last hour;


PONS market cap surpasses $740 million, reaching a new all-time high, with a 10.19% increase in the last hour.


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