Robinhood’s Noxa launchpad rakes in 2 million yuan a day—making more money than PumpFun! It has just announced that it’s shutting down 😅.

Basically, the outsourced technology the owner hired can’t change the receiving address, and the owner also can’t control the deployment switch—so if the two sides can’t reach a settlement solution, it’s impossible to restart it ever again.
Right now, the only way the technology can work is to go solo and build a brand-new launch platform, but it can’t tamper with or break the old platform—otherwise there are legal risks. So the only thing it can do is keep the owner in check by deploying the switch on the old platform.
After the whole market crashed across the board, a lot of advantaged assets/tickers/contracts were also violently V-rebounded.
This market is huge. We hope the new platform, in its early days, gets the profit-allocation rules and hard institutional systems right—then keep getting the RH launchpad going! Be steadier.