ANON token triples after custom AMM launched on Robinhood Chain
ANON price surges
The ANON token rose 220% in 24 hours after its founder announced a new automated market maker (AMM) called Equilibra on Robinhood Chain.
Key points
- Price at $0.6967, up 220.5% in 24 h (CoinGecko).
- 24‑hour volume reached $3.2 million, about 15× the previous day.
- Market cap $10.7 million on a circulating supply of 15.3 million tokens.
- Equilibra offers adaptive fees, concentrated depth and optional auto‑repeg.
- Robinhood Chain is a layer‑2 (L2) network built on the Arbitrum stack.
Founder’s announcement
Daniele Sesta posted at 11:18 a.m. ET that he had deployed Equilibra, a custom AMM, on Robinhood Chain and is testing it. He later added that the AMM trades on the chain and invited interested users to see the technology.
Robinhood Chain background
Robinhood Chain went live on mainnet on July 1. It launched with Uniswap as the public liquidity protocol and Pleiades as a proprietary AMM. Other AMMs such as Rialto, Lighter, 1inch and Arcus were also added to support stock‑token trading.
Liquidity on other networks
The deepest ANON pool is a Uniswap V3 ANON/WETH pair on Ethereum holding about $430 k, created 29 days ago. On Solana, a Raydium ANON/WSOL pair handled $988 k of the 24‑hour volume, the largest single market for the token.
Historical price context
ANON peaked at $24.73 on Jan 16 2025, giving it a $118 million market cap. The current price is 97% below that high and 85% lower than a year earlier. Its all‑time low of $0.2033 was set on Sept 10 2024.
Uncertainties
The Equilibra announcement did not include a contract address, documentation link or a specific launch date, so details of its operation remain unclear.
Why it matters
The price jump illustrates how a new liquidity tool can quickly affect a token’s market activity, especially on a newer chain like Robinhood that is attracting third‑party AMMs.
