Analyst: On-chain funds may be rotating from Robinhood Chain to Solana

BlockBeats News, September 7 - DeFi researcher Ignas posted on X platform stating that today's crypto market funds appear to show signs of rotation from Robinhood Chain to Solana. Over the past 24 hours, Solana ecosystem tokens have performed strongly, with RAY rising approximately 60%, JUP up 21%, ORCA up 12%, and MET up 13%; in contrast, AI fell 11.5% and CASHCAT dropped 5.8%. The Robinhood Chain Meme sector overall declined by approximately 16.5%. Meanwhile, cross-chain fund data shows that over the past 24 hours, Solana bridge inflows recorded a net inflow of approximately $18.8 million, while Robinhood Chain saw a net outflow of about $47.8 million.

Although the aforementioned bridge fund scale remains relatively small compared to the TVL of both chains, the shift in fund flows may reflect some traders taking profits from Meme coins on Robinhood Chain and rotating into trading infrastructure tokens on Solana to continue participating in related market momentum. Among these, the STONK launchpad token, which supports pairing Meme coins with tokenized stocks, currencies, and other assets, surged approximately 360% at one point today, becoming a market focus.