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INDEX forms an extreme pin bar, recording a price swing of over 400% in half an hour; its market cap breaks through $65 million before rapidly plunging.

1 hours ago

According to GMGN monitoring, utility token INDEX on Robinhood Chain surged past a $65 million market cap before quickly pulling back, now standing at $26 million. It recorded a swing of over 400% in just half an hour, with a 47% 24-hour gain, and roughly $19.2 million in trading volume over the same period. The INDEX project operates on the mechanism of “holding tokens to earn on-chain stocks”; per community disclosures, it levies a 3% transaction fee, which is used to purchase tokenized stocks on Robinhood Chain and distribute them to token holders. The rally is likely driven by the RWA narrative, a core theme of Robinhood Chain. BlockBeats Note: On-chain token trading is extremely volatile, often dependent on market sentiment and concept hype, with no actual value or practical use cases. Investors should exercise caution.

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