Paws for Reflection: Cat Token Hits $200M Cap on Robinhood's Own Chain 🐾

Cash Cat (CASHCAT) surpassed a $200 million market cap at its record high on July 11, propelled by fresh derivatives access, whale accumulation, and surging trading activity on Robinhood Chain. The token reached an all-time high of $0.211 before easing to approximately $0.193, placing market capitalization near $192 million. Over the prior 24 hours, CASHCAT gained close to 29% and has risen more than 4,000% over the past week, according to GeckoTerminal and BeInCrypto Markets data.

CASHCAT is the first breakout meme coin on Robinhood Chain, the Layer 2 network the platform launched on July 1. The token takes its name from CashCat, the working title Robinhood used before rebranding. Interest increased after Robinhood CEO Vlad Tenev signaled the chain also suited meme trading, and recent listings and derivatives access have since driven the latest move higher.

Hyperliquid listed CASHCAT perpetual futures by community request, enabling traders to take long or short positions with up to 3x leverage. The token also expanded to Solana through Sunrise, according to a post from the network. On-chain demand remained firm, with GeckoTerminal reporting $34.89 million in 24-hour volume and net buying of $1.36 million across 12,257 buys versus 8,061 sells. Whale accumulation contributed to the rally, including a wallet linked to trader Ansem that moved $233,000 into the token.

CASHCAT led Robinhood Chain activity with $40.05 million in volume, 43,403 trades, and 6,795 unique traders over 24 hours, ranking as the chain's most-traded asset. Broader Robinhood Chain DEX volume reached a record $846.8 million on July 10, per Dune data, while active addresses hit an all-time high of 306,893 that day, with 153,332 new users nearly matching 153,561 returning ones. The figures underline how the network has drawn speculative capital toward its first viral token since launch.