Analyst: On-chain funds may be rotating from Robinhood Chain to Solana
DeFi researcher Ignas posted on X that today’s crypto market shows signs of capital rotation from Robinhood Chain to Solana. Over the past 24 hours, Solana ecosystem tokens have posted strong gains: RAY rose roughly 60%, JUP gained 21%, ORCA climbed 12%, and MET increased 13%. By contrast, AI fell 11.5% while CASHCAT dropped 5.8%. Robinhood Chain’s meme coin sector as a whole declined around 16.5%. Meanwhile, cross-chain fund flow data shows Solana’s bridge recorded a net inflow of approximately $18.8 million over the past day, while Robinhood Chain saw a net outflow of $47.8 million. Though these bridge volumes remain small relative to the total value locked (TVL) of both chains, the capital shift may signal some traders taking profits on Robinhood Chain’s meme coins and shifting to Solana’s trading infrastructure tokens to continue participating in the related market rally. Notably, STONK — the launchpad token that pairs meme coins with tokenized stocks, fiat currencies and other assets — surged roughly 360% at one point today, emerging as a key market focus.
3 minutes ago
This Week's Macro Outlook: US stock markets are closed on Monday, August CPI takes center stage, and Oracle will release its earnings report after Thursday's market close.
This week, the Federal Reserve will enter its pre-September policy meeting blackout period, with investors shifting their focus to upcoming PPI and CPI reports. The European Central Bank (ECB) will also announce its interest rate decision. Below are the key market highlights for the coming week (all times Beijing time):
Monday, September 7: U.S. and Canadian stock markets will close for one day due to the U.S. Labor Day holiday.
Thursday 1:00 a.m.: ECB President Christine Lagarde delivers a speech at the official dinner of the German Bundesbank.
Thursday 1:00 a.m.: Apple holds its autumn new product launch event, themed "Shine Bright, Write a New Chapter".
Thursday 8:15 p.m.: The ECB releases its interest rate decision.
8:30 p.m.: ECB President Lagarde holds the monetary policy press conference.
Same Thursday 8:30 p.m.: U.S. initial jobless claims for the week ended September 5, plus U.S. August PPI year-on-year and month-on-month rates.
Friday 8:30 p.m.: U.S. August unadjusted CPI and core CPI year-on-year rates, and U.S. August seasonally adjusted CPI and core CPI month-on-month rates.
On the earnings front, Oracle (ORCL.N) will release its results after U.S. stock trading hours on Thursday. This report could have a significant impact on the market’s current AI trading trends. As one of the leading cloud service providers, Oracle is investing heavily in building AI data centers.
3 minutes ago
A whale transferred 2.41 million LINK to Coinbase over the past three weeks, worth approximately $26.04 million.
According to Onchain Lens monitoring, a crypto whale has once again deposited 620,420 LINK tokens into Coinbase, worth approximately $7.6 million. Over the past three weeks, the whale has transferred a total of 2.41 million LINK to Coinbase, valued at around $26.04 million. All of these LINK tokens were previously accumulated by the whale from Binance.
3 minutes ago
Hong Kong-listed robotics stocks rose amid fluctuations, with Geek+ up nearly 5%.
According to Bitget market data, Hong Kong-listed robotics stocks rose amid volatility. Geek+ gained nearly 5%, UBTECH advanced over 3%, while Hesai-W, Black Sesame Technologies, and Horizon Robotics all climbed more than 1%.
3 minutes ago
Flap launches 'permissionless deployment' feature on BNB Chain
According to official announcements, Flap has officially launched its "permissionless launch" feature on BNB Chain. This upgrade introduces a custom quote token functionality, allowing users to bypass preset quote assets: they can directly input any token contract address to create trading pairs and issue tokens with one click, supporting a wide range of assets as quote tokens, including RWA, blue-chip crypto assets, and trending meme coins. Per the details, users can select quote assets, build trading pairs, and design token economic models based on their own needs, while leveraging Flap’s programmable mechanisms, such as Creator Wallet, Dividend, Burn, and Liquidity functions. Flap stated that this upgrade frees users from the constraints of a fixed set of quote assets, enabling them to build markets around any asset and design their own token economic systems.
3 minutes ago
As the token price rebounds, addresses linked to the Ethena project team have accelerated selling, transferring a total of $6.75 million in ENA to centralized exchanges (CEX) over the past four days.
On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that two addresses linked to the Ethena project are suspected of liquidating their holdings. Since September 3, they have transferred a total of $6.75 million worth of ENA tokens to centralized exchanges (CEXs). The two addresses deposited 19 million ENA tokens (valued at approximately $3.29 million) into Bybit over the past 15 hours. The tokens held by these addresses were all transferred from Ethena’s multi-signature address two years ago and had not been moved in the interim. They began bulk depositing after the recent sharp rally in ENA’s price.
3 minutes ago