Pond Street Ledger
RobinStreet and more, read daily
Every story this desk has filed under Noxa, most recent first.
The Robinhood Chain memecoin fell from $0.090 to $0.0032 on Thursday afternoon when 799 addresses sold 24 percent of the supply in 75 minutes with nothing in the way. Take the same token, the same sellers and the same afternoon, and launch it through Mosh instead: 71 percent of the supply sits in a vault nobody can sell from, the sellers would have needed 83 percent of the float, and the only large holder is a capped market maker.