INDEX Token Volatility Exceeds 400% in 30 Minutes, Market Cap Drops From $65M to $26M

INDEX token on Robinhood Chain experiences extreme volatility with 400% amplitude in 30 minutes. Market cap falls from $65M to $26M despite 47% 24h gain and $19.2M volume.

Woofun AI data shows that the INDEX utility token on the Robinhood Chain experienced a market capitalization decline from $65 million to $26 million following a period of extreme volatility. The asset recorded an amplitude exceeding 400% within a 30-minute window, alongside a 47% price increase over the preceding 24 hours and trading volume of approximately $19.2 million.

The project operates on an 'earn stock on-chain by holding' mechanism, utilizing a 3% transaction tax to acquire tokenized stocks for distribution to holders. This structure aligns with the Robinhood Chain's RWA narrative, though on-chain trading remains subject to significant sentiment-driven fluctuations.