# Robinhood Chain — X 热门讨论 (2026-09-28 16:22 UTC)
## @MaxelRowan (Mando Maxel) · 09-28 15:56 · ♥194 ↻100 💬2 $GINNAN — GINNAN THE CAT
The cat behind the lore is stepping onto Robinhood Chain.
$GINNAN brings the recognizable Ginnan character into a meme-driven community built around one simple narrative: Doge has a cat brother, and now he has his own corner of crypto.
Strong branding, simple meme identity, and a community-first vision give GINNAN a clear story to build around.
C.A: 0xB47eBe08Ed17B0f6A51E8fD8050ab5e9ca1DCC2B
Chart: https://t.co/VAASoe51lw
Website: https://t.co/uR7dBeXTRH https://x.com/MaxelRowan/status/2104601055828820194
## @RobinhoodAlphah (Fan Robinhood Alpha) · 09-28 15:55 · ♥171 ↻100 💬1 $GINNAN — GINNAN THE CAT
The cat behind the lore is stepping onto Robinhood Chain.
$GINNAN brings the recognizable Ginnan character into a meme-driven community built around one simple narrative: Doge has a cat brother, and now he has his own corner of crypto.
Strong branding, simple meme identity, and a community-first vision give GINNAN a clear story to build around.
C.A: 0xB47eBe08Ed17B0f6A51E8fD8050ab5e9ca1DCC2B
Chart: https://t.co/bCXbHCZmDJ
Website: https://t.co/72UYVQyxO1 https://x.com/RobinhoodAlphah/status/2104601021544567175
## @makehoodstudio (Make Studio) · 09-28 15:59 · ♥70 ↻28 💬29 The First AI Studio for Creators on Robinhood Chain https://x.com/makehoodstudio/status/2104601990504562780
## @CryptoKaleo (K A L E O) · 09-28 15:41 · ♥61 ↻7 💬28 Fomo port a slowly but surely climbing.
High conviction Robinhood Chain plays I’ve been stacking the last month are all bottomed.
This will be worth $10M+ soon enough.
Bullieve in something.
Follow me on fomo to watch it happen ➡️ https://t.co/InSTibk0Ug https://t.co/ihz3yvX6Wr https://x.com/CryptoKaleo/status/2104597434693476689
## @POVMarket (POV) · 09-28 14:15 · ♥43 ↻8 💬44 Solana built its reputation as the home of memecoins.
But Base, BNB, Robinhood Chain and others are coming for the crown.
So is Solana still the undisputed home of internet money?
YES or NO?
The market is now in the Daily Pot with increased incentives for a limited time! > 引用 @raintures: Solana is still the home of memecoins I’m firmly YES on this one
I put that opinion on @POVMarket and took the YES side
Think another chain has taken the crown? Take the NO side 👇
⛓️ https://t.co/lrlecgfF8w https://t.co/xVjGFusHK9 https://x.com/POVMarket/status/2104575621208719748
## @vibevibefun (vibe/vibe) · 09-28 16:03 · ♥65 ↻6 💬24 vibe/vibe weekly #1 is live!
today we are speaking about: - Robinhood Chain - Product updates - Wen launch - and more
https://t.co/snOaObq6wN https://x.com/vibevibefun/status/2104602963033620791
## @Jodski888 (Jodski) · 09-28 14:59 · ♥63 ↻15 💬5 KITAB DEGEN V2026 https://x.com/Jodski888/status/2104586841202761761
## @sapijiju (Sapijiju) · 09-28 16:00 · ♥58 ↻9 💬20 Pump.fun Newsletter #13 https://x.com/sapijiju/status/2104602166186910020
## @KaijuFold (Kaiju Fold) · 09-28 15:31 · ♥49 ↻8 💬18 🐲 KAIJU FOLD — BUILD UPDATE
We’ve been building the foundations of the Kaiju Fold ecosystem on Robinhood Chain.
So far:
• 3,333 Kaiju NFT collection • $FOLD token deployed, 3.333B total supply • Ecosystem Reserve secured • Kaiju Reward Pool deployed • NFT contract connected to the Reward Pool • FoldHook deployed and verified • 3% trading fee mechanism connected to the Reward Pool • Conquest system designed around 50,000 $FOLD • Rewards distributed according to Kaiju conquest shares • Rewards follow the current NFT owner We also verified the deployed bytecode against the local contracts to make sure what is running on-chain matches what we built. And importantly: The $FOLD / WETH liquidity pool is NOT initialized yet. That is intentional. The plan is: MINT → SOLD OUT → LP → TRADING → ECOSYSTEM We’re not rushing the market. First, we build the collection and the community. Then, once all 3,333 Kaiju are out there, we open the liquidity pool and activate the next phase.
🐲 Fold. Conquer. Build.
Nothing is guaranteed.
We’re building this together. https://x.com/KaijuFold/status/2104594802159255616
## @koolkrypto223 (KoolKrypto) · 09-28 15:39 · ♥55 ↻2 💬11 I see this point get brought up a ton and it's actually very valid at first glance so I want to educate everyone, so strap in for a longer post.
When you buy or sell options on @DeriveXYZ, Deribit, Paradex, wherever, you're not buying or selling to those platforms, you're trading with and against these "hoe ass market makers", to which we'll shorten to hoe ass mm's.
The platforms themselves are just aggregators for hoe ass mm desks to give you quotes. Most of the same hoe ass mm's are on many or all the different platforms.
Let's use $85,000 $BTC calls for Oct9 as an example.
If you want to go buy a couple calls, you can go hit the resting liquidity in the order book and get very close pricing to what is called "mark".
If you look in the order book, you'll see there's bids at $1100, "mark" at $1150, and asks at $1200.
Mark pricing is the theoretical price of the option based on Black-Scholes pricing (hoe ass mm math blah blah blah), but it is not necessarily the mid price of what market participants price the option at.
Since $BTC is puking right now, hoe ass mm's might be "axed" in the direction to buy $BTC exposure, so they'll give more attractive pricing to sell $BTC and charge more to buy it from them. Different desks may be axed in different directions, but generally, pricing is based on similar formulas and volatility levels.
If you want to buy a few hundred $BTC calls instead of just a few, you'll need to go use RFQ instead, otherwise you risk moving the market (slippage) too much yourself, or only executing on one leg of a structure you intended to be multi-leg. When you RFQ, the hoe ass mm is now taking on that slippage because you're essentially slamming a market order. So they widen out their quotes to take this into account.
It's important to remember that hoe ass mm's are not just hoe ass mm's, they are also pussy ass mm's, and they aim to be what's called "delta neutral". This means they generally want to just make money by charging spreads and not actually holding the directional exposure being on the other side of these calls would give them. 100 of these $85k calls gives me ~35 $BTC worth of exposure right now, which is exposure they'd need to hedge.
As this $85,000 call gets closer to being in the money (🙏), the exposure I get from these calls keeps going up, and they have to keep buying more $BTC at higher and higher prices to remain delta neutral. And if $BTC starts to go down again, they'd sell at lower prices. They are quite literally forced to buy high and sell low in this case. On top of that they are paying fees, potentially disadvantageous funding rates, compute/infrastructure, and just inherently have expenses and a desire to at least earn more than a risk free rate of call it 10%, otherwise why go through the trouble.
If this sounds familiar, this is essentially impermanent loss, the very issue passive LPs face for on chain liquidity providing, and the very reason you pay them fees to passively be quote against as price moves against them. Most LPs do not get paid enough though, and the majority are actually losing money relative to impermanent loss. This is actually enormously bullish for on chain options, but that's another post.
95% of the time when you buy any option in any situation, whether on Derive, Deribit, or Robinhood, you are in negative PNL at first. Some people might point out that if you're always executing at a small loss, aren't options -ve?
Options pricing may be -ve at that exact moment in time on the trade, but trading them can still be extremely +ve in the context of your portfolio construction and what it allows you to do. You can't replicate the convexity, flexibility or path independence that options give you via perps, and I'm willing to pay a little extra for those features.
A good analogy is that when you sit down at a poker table in a casino, they charge what's called "rake", call it $5 per hand. Assuming a normal distribution of cards and equally skilled players, playing poker in the casino is -ve because of this rake. But in reality, it can be extremely profitable to play poker in a casino if you think you have edge over the other players, and the casino is just charging you for access to these braindead idiots, certainty that you'll get paid and generally not shot, one free water bottle per sometimes etc.
I'm not an options market maker and I promise you nobody has paid more of this theoretical "rake" to these hoe ass mm's than I have. I would not be surprised if I've paid over $1m in spreads YTD. But I've also made 8 figure PNL by trading against these hoe ass mm.
For some of you as well, no offense, but it's kinda a skill issue. If you slam some 0DTE options and then want to sell out of them an hour later rather than hedge via perps, you're probably just doing it wrong. Spreads should factor much more into your trade decision making process in crypto options than in TradFi options, which are orders of magnitude more liquid.
This isn't to say that spreads can't or shouldn't improve, and it's actually part of my bull case for @DeriveXYZ. The dream scenario for a hoe ass mm is what's called "two way flow". This means they have a buyer for these calls and a seller, and they can instantly pair them up, not need to pay for hedging, and just capture that bid ask spread.
But if I'm not a pussy ass mm and I actually just want those naked calls, and there's a 🏳️🌈🐻 somewhere out there who also just wants to sell those calls, we can meet in the middle at mark and both be happy that we're executing at the theoretical fair value, while cutting out the hoe ass mm.
This will make RFQ pricing much closer to order book pricing, and we'll eventually have tons of people willing to take both sides of the bet peer to peer.
Hoe ass mm's aren't evil, and if they are, they are a necessary evil for now. What @DeriveXYZ is building will eventually allow for thousands of market participants to participate in better price discovery and give lower spreads than Deribit ever could.
That said, bad spreads are bad for business for everyone. If options aren't being traded because hoe ass mm's are getting greedy, it's bad for the trader, the exchange, and the greedy hoe ass mm.
People are right to point out that big spreads are bad, but you also need to contextualize them. Are they bad relative to the rest of the industry? Very likely not. Derive very frequently has some of the best pricing available (trust me, I check). Might they be too bad to take that trade though? Sure, all the time. It's a quirk of options, especially on alts, that sometimes you'll see a great trade in theory, and when you go ask for a quote, the hoe ass mm is charging bad spreads because they also think it's a good trade and don't want to sell it to you. Same concept as why plumbers get to charge you $10k to fix your overflowing toliet at 2am; they'll give you a price, it just won't be a good one.
TLDR: Thank you for coming to my TED talk, hoe ass mm's charging wide spreads is bad but part of the game, the only way to improve is by building exactly what @DeriveXYZ is building, options volume overall should dramatically increase as spreads tighten, and spreads will tighten as volume/demand increases. > 引用 @0xthade: @koolkrypto223 there’s no point in defending having to donate 20% to a hoe ass mm brother https://x.com/koolkrypto223/status/2104596769690788253
## @b4kenny (KeNNy) · 09-28 14:06 · ♥40 ↻9 💬12 Pump is taking the crown back and solana:Hg5Ja55T5wESq4vyFoiVCMeHXtGyVA69X2UHq8hgpump is how I'm playing it.
We know September was the month everyone decided pump was finished, new launchpads out-earned it, tax tokens stole the spotlight, and the timeline moved on.
That was the bottom. And I think the cleanest way to bet on the comeback is a sub $5M coin that most people still haven't looked at properly. BATON.
Here's the thesis:
1. The meta moved on without pump This cycle didn't start on pump. Attention went wherever things were new: tax tokens paying holders in ZEC and tokenized stocks, launchpads on Robinhood Chain, memes paired with stocks.
Pump's first answer didn't land. Custom Pairs went live on September 9, letting anyone launch coins paired with stocks, majors and other tokens. But it shipped without the one thing people actually wanted: holder rewards.
2. The baton lore Start with the name. The company behind https://t.co/6SuABJSuVn is Baton Corporation. solana:Hg5Ja55T5wESq4vyFoiVCMeHXtGyVA69X2UHq8hgpump takes the entity that runs pump, turns it into the meme, and pairs it directly with $PUMP. It doesn't get much closer to the source than that.
It launched during the Custom Pairs rollout with Cashback switched on. On September 12, pump killed Cashback for new launches and introduced Holder Rewards.
solana:Hg5Ja55T5wESq4vyFoiVCMeHXtGyVA69X2UHq8hgpump got upgraded immediately to avoid any other pvp, great move by Pump, who know exactly the potential of this coin.
3. Fees The tax coins that led this cycle charge 3%. Baton sends a 1% fee to its holders.
Both of those choices matter more than they look.
A 3% tax hits both sides of every trade, so a round trip costs 6% before any other fee. Anyone trying to move real size, or to trade the coin more than once, gets bled, so eventually they stop trading it. When volume dies, the rewards die with it. At 1%, a round trip costs 2%. The coin stays tradeable, and volume is the only thing that pays holders. Yes, 3% pays more per trade but it also kills the trades. Over a few months, the coin that's cheap to trade is the one that keeps paying.
4. No tax wallet dumping on your chart This is the part almost nobody talks about: how the rewards actually get paid. A tax token takes its cut in the token itself, on every transfer. That tax piles up, and to turn it into rewards, one wallet has to take it and sell it back into the pool. All day, every day.
Bitquery traced StonkFun's reward wallet over 30 days. On 160 coins, more than half the supply went through the tax and got sold back into the pool.
solana:Hg5Ja55T5wESq4vyFoiVCMeHXtGyVA69X2UHq8hgpump works differently. There's no tax on the token. The fee is taken in $PUMP, inside the swap, at the moment you trade. The distribution wallet already holds $PUMP and simply sends it out without selling any token.
5. Pump is printing again While the timeline was busy crowning new launchpads, pump's numbers turned. Fast.
In the seven days to September 26, pump made $12.7M. StonkFun made $8.6M and Pons $2.3M. Pump alone out-earned the other two combined.
→ revenue up 25% week over week, and 47% since the week it got flipped → bonding curve volume up 48% week over week, to $915M → September 26 was its best day of the month: $2.8M in revenue and $211M in volume
6. Too much noise to see it There's a reason this isn't priced in yet: September threw everything at the timeline at once. We are entering the bullmarket and every morning there was something new to chase. The rotation back to the leader has already started.
7. Why I'd rather lose money than miss this Put it all together. A coin named after the company behind pump. Paired with $PUMP, paying $PUMP to holders. No tax on the token, no wallet dumping on the chart.
Many will fade this. It isn't a fast trade. But walking into the real bull market without exposure to a memecoin paired with the sector leader makes no sense to me.
I'm accumulating as much as I'm willing to lose. NFA, DYOR. Good luck, SOLdiers 🫡 https://x.com/b4kenny/status/2104573543207850119
## @HouseofChimera (House of Chimera) · 09-28 14:58 · ♥42 ↻8 💬8 Crypto attention markets are absolutely ruthless.
@ponsdotfamily went from out-earning Pump + Hyperliquid + Robinhood Chain to revenue down ~88% from the early September peak.
🔹 $5.95M fees at peak 🔸 Full attention round-trip within the same month
Q3 numbers are still ridiculous 👇 https://x.com/HouseofChimera/status/2104586438579024109