CASHCAT Surges 3,000% to $0.1167 in One Week on Robinhood Chain Launch Hype

According to CoinMarketCap, CASHCAT, a meme coin on the Robinhood blockchain, surged approximately 3,000% to $0.1167 on July 10, reaching a market cap of $116.78 million in just one week. The rally follows the launch of the Robinhood mainnet on July 7, which triggered investor inflows into early ecosystem meme coins.

Robinhood CEO Vlad Tenev amplified momentum on July 8, posting on X that "Robinhood chain works great for memes too," sparking a wave of profit-taking screenshots across social media. CASHCAT's narrative stems from "Cash Cat," a former company name candidate Robinhood considered before its current branding. The project is community-created with no official affiliation to Robinhood.