Retail Sentiment Shifts as Robinhood Chain Activity Declines

The social trading app FOMO on Robinhood Chain is facing a backlash as prominent KOLs and traders publicly delete their accounts, citing concerns over manipulative copy-trading practices. On-chain data reflects a significant downturn: active wallets on the chain dropped from over 100,000 to 47,000, and daily trading volume on the chain's DEX fell from $3.7 billion to $1.9 billion. The decline in activity and profitability for retail users suggests a cooling of the speculative cycle surrounding the ecosystem.