New York, July 9, 2026, 09:03 EDT
CASHCAT, a Robinhood Chain memecoin with a cat theme, pulled back Thursday morning after speculative buying earlier this week sent some early holders’ wallets into the millions.
CASHCAT traded near $0.0896 on DEX Screener, down roughly 27% in the past 24 hours. The token had a market cap around $88.8 million with close to $5.8 million in liquidity on its main Uniswap V3 pool on Robinhood Chain. Liquidity refers to the tokens and cash available in the pool for trading—low liquidity can make it hard for holders to sell fast.
Robinhood launched Robinhood Chain on July 1, aiming to back tokenized real-world assets like stocks and bonds on a blockchain, not just build a memecoin platform. The company said the chain targets fast block times, DeFi tools and real-world assets. Alchemy, BitGo and Chainlink are plugged in as partners.
Layer 2 blockchains are set up on top of bigger networks to help speed up or reduce the cost of transactions while still using the security of that larger chain. Robinhood’s chain page calls Robinhood Chain a permissionless Layer 2 targeting financial services and tokenized real-world assets, with stock tokens linked to companies like Nvidia, Google, and Apple.
The wild run started after big on-chain profits. Lookonchain said wallet 0xDE4C put in $838 to buy 15.04 million CASHCAT some 20 days ago, then offloaded 13.5 million tokens for around $917,600. The wallet was still holding about 1.5 million tokens, worth close to $133,700, at the time of the post.
One more wallet caught the eye. Bubblemaps said address 0xeEE2 picked up CASHCAT less than half an hour after launch and bought in for $85, now looking at more than $2 million on paper. That claim fueled chatter about the trade on crypto social media.
MEXC has added CASHCAT to its platform, calling Cash Cat a memecoin on Robinhood Chain. The token was listed at $0.0941, up 276.4% for the day, according to a page updated at 21:02 UTC+8 on Thursday. Prices were different on other venues, which is typical for fast-moving tokens.
Uniswap V3 on Robinhood is handling most of the trading in CASHCAT, according to CoinGecko. The CASHCAT/WETH pair saw the biggest share of volume. CoinGecko showed 24-hour trading volume at nearly $49.1 million, with the market cap at $90.2 million.
Robinhood CEO Vlad Tenev kept the company’s focus on tokenized finance but still nodded at the meme coin crowd. “While we’re building robinhood chain to be the best chain for RWA … it works great for memes too,” he said on X, according to The Defiant. The Defiant
CASHCAT’s website says it isn’t connected to Robinhood Markets or Tenev, describes itself as “fan fiction with a ticker,” and claims there’s “no intrinsic value or expectation of financial return.” That’s direct, even for a memecoin. $CASHCAT
Other speculative bets took a hit too. Decrypt said ANSEM, a Solana memecoin linked to trader Ansem, dropped over 37% from its record near $0.44 with traders moving to Robinhood Chain for liquidity.
The risk here isn’t hard to spot. CoinDesk said Thursday that CASHCAT’s market value was about $105 million, but liquidity was only around $6.6 million. The five top wallets together made almost $3.7 million. So big numbers on paper don’t mean holders can actually sell for those prices.
Robinhood’s launch is getting a mixed look after the CASHCAT trading burst. Traders are jumping on the new chain, but it’s now tied to a volatile end of crypto, where quick buyers can score and late ones can get stuck.
