Multicoin Capital Transfers 261,000 HYPE Tokens to Coinbase, Valued at $21.7 Million

Today, meme coin trading remains centered on Robinhood Chain, with high-visibility tokens PONS, AI, and microduck still seeing heavy trading volumes; meanwhile, short-term hot spots have emerged on BSC and Solana as well. On Robinhood Chain, PONS continued its rally, hitting a historic high of roughly $0.493 per token, with its total-supply-based market cap approaching $493 million. The meme coin is currently trading at ~$0.44, with a market cap of ~$441 million, a 24-hour gain of ~10.5%, and 24-hour trading volume of ~$28.5 million. Also on Robinhood Chain, AI remains in high demand, hitting a historic $322 million market cap early today. It is now at ~$0.255 per token, with a market cap of ~$253 million, and 24-hour trading volume of ~$35.2 million. After a sharp rally, microduck is now trading in a high range, at ~$0.0283 per token, with a market cap of ~$28.39 million, a 24-hour gain of 159%, and 24-hour trading volume of ~$12.4 million. On BSC, new token FLORK has drawn attention, hitting a peak market cap of $13.37 million. It is currently at ~$0.00763 per token, with a market cap of ~$7.63 million, a 24-hour gain of ~292.9%, and 24-hour trading volume of ~$7.5 million. FLORK’s core narrative comes from the classic hand-drawn Flork meme/comic character; as BSC’s meme coin trading heats up recently, the community has rebranded it as a high-visibility meme token. On Solana, OTC has surged, with its market cap hitting around $7.6 million during the session. It is now at ~$0.00674 per token, with a market cap of ~$4.91 million, a 24-hour gain of ~25.24%, and 24-hour trading volume of ~$11.1 million. OTC’s narrative centers on “Over-The-Counter (OTC) trading”; the community has positioned it as a new meme token on Solana that combines trading platform, OTC, and StockFi/RWA sentiment.

According to the latest data from arbdata, Robinhood Chain has generated a cumulative fee revenue of $13.05 million in just two months since its launch, hitting an all-time high. Calculated based on the 30-day average of its fee income, its annualized revenue stands at approximately $110 million. Based on the current cumulative revenue, around $1.3 million will directly flow to the Arbitrum ecosystem. Per the cooperation license agreement between the two parties, Robinhood Chain is required to remit 10% of the agreement’s net revenue back to the Arbitrum ecosystem: 8% goes to the Arbitrum DAO Treasury, and 2% is allocated to the Arbitrum Developer Guild.

According to GMGN market data, the meme coin microduck — modeled after an open-source robot from Hugging Face — briefly surged past $28 million in market capitalization, hitting a new all-time high. Its 24-hour trading volume reached $16.7 million, with a 17% 24-hour price gain. The meme coin draws inspiration from Hugging Face’s real open-source small robot "Microduck", released on August 27, 2026: a 25cm duck-shaped reinforcement learning (RL) robot priced at roughly $399, and also incorporates related NVIDIA acquisition rumors. It has no official connection to Hugging Face, Pollen Robotics, or NVIDIA; it is an independent meme token launched by the community capitalizing on the trend. BlockBeats reminds users: Most meme coins have no practical use cases and are highly volatile. Please protect your assets and avoid FOMO.

According to GMGN data, SPACEHOOD, a meme coin paired with the SPCX stock issued via Long.xyz on the Robinhood chain, has hit a new all-time high with a market cap exceeding $21 million. Its current market cap stands at $15 million, up over 27% in 24 hours, with a 24-hour trading volume of $11.4 million, ranking third in Long.xyz’s 24-hour volume rankings. Stock Meme, an emerging trend merging traditional meme coins with tokenized U.S. equities, operates on a distinct mechanism: instead of pairing with USDT or ETH, meme coins form trading pairs directly with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL). This model preserves meme coins’ high volatility and community-driven speculative traits while tapping into the popularity and narratives of real stocks. Typically, a portion of transaction fees flows back to community treasuries to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". BlockBeats reminds users that meme coins are highly volatile, so investment should be approached with caution.

On-chain analyst Ai Yi (@ai_9684xtpa) monitored that as ETH fell below $2,400, the whale holding a long position of 45,000 ETH has incurred an unrealized loss of $4.1 million. The whale added 28,300 ETH to its position on August 31 when ETH’s price dropped below $2,500. Its current latest position exceeds $107 million, ranking as the second-largest ETH position on Hyperliquid. The entry price is $2,486.37, liquidation price is $2,252.68, leaving a remaining buffer of $233.69.

AI programming startup Cognition AI is set to close a new funding round that will push its valuation to around $47 billion. According to sources familiar with the matter, the latest round is valued at roughly $1 billion. The sources added that Cognition’s demand for this round far outstripped expectations, so the final funding size could exceed $1 billion. The company has received nearly $10 billion in letters of intent to invest, with negotiations still underway and specific details subject to change.