Odaily reports: DeFi researcher Ignas posted on X platform stating that the hype around Robinhood's meme coins and tokenized stocks is waning, with its tokenized stock TVL having remained flat for two consecutive weeks, and the number of burned shares now exceeding the issuance volume. Ignas further stated that if trading volume continues to slow, declining yields could weaken holders' willingness to hold, increase selling pressure, and lead to LP exits and further liquidity contraction. He revealed that he has already exited related LP positions due to the significant drop in yields, and believes the market needs a new catalyst to reignite momentum. At the same time, he noted that tokenized stocks on Solana appear to still be rising, and speculated that the trend of capital rotating from Robinhood to Solana may be more sustainable.
Ignas added that meme coins are a "one-cycle trade"—investors can trade them but should not hold them long-term. WIF was a representative meme coin of the previous cycle, but its price performance and market attention have both declined significantly, and once a meme coin loses market attention, it often signals the end of its run; FARTCOIN faces a similar situation. DOGE is one of the few exceptions that has spanned two cycles, but it is no longer a strong performer either. The short lifecycle of meme coins contrasts with Bitcoin, which can continuously generate new market narratives, and he reminded investors not to develop long-term holding reliance on meme coins like ZCAT and CASHCAT.
