Bitstamp Lists Meme Coin CASHCAT, Price Rises 48% in 24 Hours

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Bitstamp has activated trading for the meme coin CASHCAT, increasing trading activity on the platform. The token rose 48% within 24 hours, reaching $0.1123 on Bitstamp and $0.132 on-chain. Despite no official announcement, the listing is now live. Robinhood acquired Bitstamp in June for $200 million in cash. Initial trading volume indicates strong early interest in the new asset.

According to Huoxing Finance, on August 6, according to the official page, Bitstamp, a CEX owned by Robinhood, has just listed the on-chain meme coin CASHCAT from Robinhood. As of press time, CASHCAT is trading at $0.1123 on this platform. According to GMGN market data, CASHCAT is currently trading at $0.132 on-chain, with a 24-hour gain of 48%. However, no detailed official announcement from Bitstamp has been observed yet, though the trading functionality is already live. In early June, Robinhood announced it had completed its acquisition of the Luxembourg-based cryptocurrency exchange Bitstamp for $200 million in cash.

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