[Robinhood On-Chain Mysterious Meme Coin PIPEDOG Rises Again, Other Tokens Suffer 'Drain'] BlockBeats News, July 29: According to GMGN data, the Robinhood on-chain meme coin PIPEDOG, after experiencing a half-day pullback, has risen again tonight. As of press time, its market cap stands at $59.89 million, with a 24-hour trading volume exceeding $57.7 million. However, possibly constrained by the overall liquidity on the Robinhood chain, as PIPEDOG surged, several Robinhood ecosystem tokens suffered a 'drain.' Tokens such as STONKBROKER and PONS experienced short-term declines. It is worth noting that this meme coin was not issued through the Robinhood ecosystem's issuance platform. The issuer remains anonymous, and multiple data points indicate significant signs of insider activity with this token: several group addresses acquired large amounts of tokens early in its issuance. However, the act of locking a large liquidity pool on-chain for this token has garnered some user approval. BlockBeats reminds users that this token carries significant uncertainty, and users should exercise caution when investing. [Original Link]