About 63% of Robinhood's top 50 memecoin traders are at a loss.

On July 20, according to statistics from Bubblemaps, the top 50 memecoins on the Robinhood platform involved a total of approximately 164,500 traders, of which approximately 63% of their accounts were at loss, and only approximately 37% were profitable. Bubblemaps also conducted an on-chain analysis of the currency holding distribution of some Robinhood's popular memecoins and pointed out that $CASHCAT positions are relatively scattered and there is no obvious giant whale cluster,$CASHDOG provides funds to holders centrally through one-time contracts, and $TENDIES distribution is relatively decentralized and no large centralized addresses appear.