Robinhood Chain meme token CASHCAT surpasses $45M market cap, with a 24-hour surge exceeding 370%.

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On-chain data shows that CASHCAT, a meme token on the Robinhood Chain, has surpassed a $45 million market cap with a 24-hour surge of over 370%, according to GMGN. The token was formerly the mascot of the Robinhood stock app. Robinhood launched its Layer 2 chain on July 1, focusing on on-chain analytics, real-world assets (RWA), and on-chain finance. Blockbeats notes that meme coins often lack intrinsic value and are highly volatile.

BlockBeats news, on July 8, according to GMGN monitoring, the Robinhood on-chain meme token CASHCAT has surpassed a market cap of $45 million, rising over 370% in the past 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, focused 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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