CASHCAT Memecoin Pumps 1100% After Robinhood CEO’s X Tweet
Highlights
- Robinhood Chain memecoin CASHCAT surged 1100%+ to a $124M market cap.
- One trader turned $86 into $1.6M as Robinhood CEO endorses memes on its new chain.
- This breakout story can lead to more volume coming into memecoins.
A new memecoin, CASHCAT, has pumped more than 1100% within 24 hours after Robinhood CEO’s endorsement for memecoins. It has tapped a market cap of over $150 million and a price of more than $0.15 in just 1 day after launch.
It launched as the mascot of the Robinhood app, but it has now become the first major memecoin story on Robinhood since the chain’s launch on July 1st.
Robinhood Chain started with real-world assets, on-chain finance, and analytics. Later it also launched Trump Accounts for retail. Memecoins were not on the list. Then, the Robinhood CEO Vlad Tenev made a public post saying, “Robinhood Chain will be the best chain for RWA, but it’s great for memes as well” and also followed CASHCAT’s official X account.
That one catalyst changed the direction of the memecoin.
One Trader Made $1.6M From an $86 Investment
A crazy move in a single CASHCAT trade was captured by LookOnChain. Before the surge a wallet, known as 0xeee2, purchased 17.5 million CASHCAT tokens for just $86.
Later, the trader sold 3.6M $CASHCAT for $390.5K and still holds 13.8M $CASHCAT ($1.24M). It made headlines and helped to continue the momentum that had been rolling since Tenev’s tweet.
The market capitalization tells the full story. CASHCAT tapped a $150 million market cap but saw a drop back to about $120 million. The current consolidation around a $124 million market cap indicates neutral momentum, with some analysts targeting a $1 billion market cap if buying continues.
Where CASHCAT Is Actually Trading
CASHCAT is currently available to buy on Uniswap V3, via Robinhood, MEXC, Hibt, PancakeSwap, and Meteora DAMM.
Pump.fun also announced that Robinhood tokens are now available to trade on the Pumpfun app, just a day after Tenev’s post. The update eliminates friction for new investors and gives access without bridging.
What CASHCAT’s Surge Means for Memecoin Market
CASHCAT isn’t a native Robinhood launch. It is a memecoin that has taken Robinhood’s brand and received endorsement by the CEO.
The question of whether CASHCAT’s meme coin will hold its market cap or will retrace dramatically is insignificant when compared to what this week has shown: Robinhood Chain can push memecoin momentum, and this breakout story can lead to more volume coming into Solana memecoins.
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