Robinhood Chain Early A9 Coin Path Summary: After the first stage, the price dropped by at least 60%. Diamond hands at the bottom may have the last laugh.

BlockBeats News, August 29th, crypto KOL @0xkioto summarized today the common path of tokens with a market cap exceeding (or approaching) a billion dollars since the launch of Robinhood Chain. It pointed out that coins such as CASHCAT, AI, and PONS had strong market appeal from the beginning, attracting a large amount of capital. However, once this frenzy subsided, it would shake out all short-term buyers.

The above-mentioned tokens all experienced a -60% to -95% crash after the initial surge. @0xkioto believes that these crashes would transfer the supply to those steadfast holders who would not sell, as well as to a "team" that would scoop up the assets to prepare for the next surge. When new demand comes in, it will encounter thin sell orders, possibly with a catalyst to accelerate. That's when the skyrocketing starts. "Robinhood Chain belongs to the holders, not the disruptors."

BlockBeats believes that the above summary may have a certain representativeness and rationality of chip consolidation. However, the performance of related tokens is also greatly influenced by the overall emotional fluctuations after the launch of Robinhood Chain. Robinhood Chain performed impressively after its launch in early July, but later, due to factors such as fund diversion, it was caught in a period of speculative logic and liquidity crisis. This is also one of the key reasons why the above-mentioned tokens experienced a significant pullback.