The wealth-making myth of Robinhood Chain is starting to show its other side. FAMI and JINQIAN, the 'meme stock squeeze' concepts, skyrocketed to tens of millions in market cap within minutes, only to be exposed for narrative flaws and subsequently crashed; even Nasdaq stocks with the same names were briefly pumped by 350%. What’s even more brutal is that 60% of on-chain players have lost money in the past 30 days, and on the FOMO App, over 94% of trading addresses have been in the red over the past 90 days, while average transaction fees have surged more than 64x in just a month. It’s getting harder and harder for players to make money, but Robinhood Chain is raking in more and more from transaction fees—this on-chain gold rush might just prove that the most stable business is still 'selling shovels.'