Robinhood Chain launched for RWAs but memecoins took over. A $121M token unlock now looms as the platform sorts out its identity.

Hackers used SpaceX and Starlink X accounts to promote a Robinhood Chain memecoin that hit a $2M market cap before rugging in the chain's chaotic first

Robinhood's new blockchain quickly became a top-five network by DEX volume, signaling strong early demand for its tokenized asset platform, the broker said.