Noxa Halts Robinhood Chain Token Launches After $12M Fee Run

Noxa has halted new token launches on Robinhood Chain after bots and copycat deployments overwhelmed the launchpad during the network’s first major memecoin trading cycle. According to the report, Noxa stopped accepting new launches on July 11, citing low-quality tokens and automated accounts generating near-identical assets that diluted trader attention. Before the freeze, roughly 60,000 tokens were deployed via Noxa. The launchpad generated about $12 million in fees during the initial surge, and ongoing trading pushed cumulative Robinhood Chain fees above $13.5 million. Existing Noxa-issued tokens remain transferable and tradable on decentralized exchanges and trading interfaces. The article also says Noxa’s original website became inaccessible. Access moved to an ENS/IPFS-based interface, and future transaction fees were redirected to token creators, leaving protocol revenue at zero while creator fee claims stayed available. Impact on memecoin liquidity was visible: CASHCAT (the network’s early breakout community token) fell more than 30% during the disruption and later traded near $0.05, trimming its market cap to around $53 million. Robinhood Chain’s DEX daily volume later dropped from a July 12 peak above $824 million to roughly $600–$660 million. Robinhood Crypto’s chief Johann Kerbrat said the chain will continue supporting memecoin activity despite Robinhood’s focus on tokenized equities and real-world assets, arguing asset restrictions would be “anti-crypto.”