BlockBeats News, September 5th, according to GMGN market data, popular meme coins in the Robinhood ecosystem experienced a collective decline, including:

· CASHCAT plunged over 19% in 24 hours, with a market cap of $214 million;

· AI dropped nearly 5% in 24 hours, with a market cap of $227 million;

· BONER decreased over 12% in 24 hours, with a market cap of $42.69 million;

· microduck dropped over 28% in 24 hours, with a market cap of $23.55 million;

· The new coin MEME plummeted over 50% in 6 hours, with a market cap of $39 million.

The Robinhood Chain experienced a suspected outage yesterday, but Arbitrum later clarified that the Robinhood Chain did not suffer an outage today. Due to L1 market Blob behavior, the Robinhood Chain experienced delays in batch transaction processing, but user-initiated transactions were not impacted by the delays.

Over the past 24 hours, there was a net outflow of $21 million from the entire Robinhood chain, making it the largest net outflow of the day.

BlockBeats reminds users: Most meme coins lack practical use cases and exhibit significant price volatility. Please be cautious about asset protection and avoid FOMO.