Robinhood Chain rumored to launch $100 million funding program; ecosystem tokens see price rebound

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PONS
$0.334415.35%
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Robinhood Chain’s on-chain news reignited interest after CEO Vlad Tenev hinted on X that the exchange is supporting top builders, with rumors of a $100 million funding program for developers. The announcement triggered a crypto price reaction, with tokens such as PONS, Artificial Inu, and BUN rising 16.4%, 20.7%, and 17.38% within 24 hours. Blockbeats noted that the claims remain unverified and cautioned against token volatility.

BlockBeats news, on October 14, Robinhood CEO Vlad Tenev stated on X platform yesterday, "We want the best builders on the Robinhood chain, and we're investing to make that a reality. More details coming soon." The news has since sparked continued discussion in the community, with crypto KOL @rickytheirish claiming that the Robinhood chain will launch a funding program exceeding $100 million for ecosystem builders.


According to the price action of GMGN, possibly influenced by the above news, the Robinhood chain ecosystem token has rebounded:


PONS is currently trading at $0.324, with a 24-hour increase of 16.4%;


Artificial Inu is currently trading at $0.101, with a 24-hour increase of 20.7%;


BUN is currently trading at $0.0563, with a 24-hour increase of 17.38%;


Some small-cap assets, including PRIORS and Index, have also shown significant rebounds.


BlockBeats reminds users that the related rumors have not been officially confirmed, and token prices on-chain are highly volatile—users should exercise caution when investing.

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