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About 63% of addresses are at a loss among the top 50 memecoin traders on Robinhood

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Golden Finance reports that on July 20, according to data compiled by Bubblemaps, the top 50 memecoins on the Robinhood platform collectively involve about 164.5k traders. Of these, about 63% of accounts are in a losing position, while only about 37% are profitable. Bubblemaps also conducted an on-chain analysis of the token-holding distribution of some of Robinhood’s popular memecoins and noted that $CASHCAT holdings are relatively dispersed with no clear whale cluster, $CASHDOG consolidates funds for holders via a one-time contract, and $TENDIES distribution is more decentralized with no large concentrated addresses.
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