CASHCAT Market Cap Surpasses $98M, 24-Hour Surge Exceeds 11x

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Summary

CASHCAT market news broke on July 8, 2026, as its market cap briefly surpassed $98 million, marking a 24-hour surge of more than 11 times. The meme coin, now associated with Robinhood Chain—the exchange’s Layer 2 blockchain launched on July 1—gained significant on-chain attention. Originally the mascot for the Robinhood stock app, CASHCAT’s rapid rise underscores the volatility inherent in meme tokens. Blockbeats warns of extreme price fluctuations and lack of intrinsic value, urging traders to remain cautious.

BlockBeats report, July 8: According to GMGN market data, the on-chain meme coin CASHCAT on Robinhood saw its market cap rise sharply, briefly surpassing $98 million, before retreating to $92.47 million, up over 11 times in 24 hours.

Robinhood's early mascot for its U.S. stocks app was CASHCAT, later renamed Robinhood. On July 1 of this year, Robinhood launched its own Layer 2 blockchain, Robinhood Chain, focusing on on-chain finance and RWA.

BlockBeats reminds users that many meme coins have no real value and exhibit high price volatility—trade with caution.

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