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CASHCAT climbed 120% over the past week to an $86 million market cap as Robinhood Chain deposits rose and Bybit launched a new perpetual contract. The token still trades below its July peak.
CASHCAT trades near $0.087 after gaining 22% within 24 hours. Daily volume reached about $9 million, while the price remained below its mid-July high near $0.22. Outside developers created the token around Robinhood’s former cat-with-cash logo. Its website describes the project as ‘fan fiction with a ticker.’
The token became Robinhood Chain’s first breakout memecoin within a week of the July 1 mainnet launch. Early wallets recorded seven-figure returns during the initial surge.
Noxa stopped accepting new launches on July 11 and went offline two days later. The launchpad had earned an estimated $12 million in fees. Meanwhile, daily token deployments across Robinhood Chain launchpads fell from about 35,000 in mid-July to nearly 10,000. Noxa still holds roughly $137,000 in CASHCAT and has not sold.
DEXTools data shows about 41,200 holders and the full 989 million supply in circulation. The Uniswap liquidity pool holds 2.47% of the supply. The next largest wallets hold between 1.3% and 1.5% each. The liquidity pool contains $5 million, compared with $6.6 million when CASHCAT carried a $105 million valuation.
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Robinhood Chain’s total value locked reached $774 million after rising 20% in seven days. Lending represented 43%, while asset management accounted for 41.5%. Morpho held $332 million and supported Robinhood’s on-chain earn product. Ethena held $236 million, while stablecoins reached $575 million after a 14% weekly increase.
Bybit announced a CASHCAT perpetual contract with leverage of up to 10x. Will trading remain active after Robinhood stops covering gas fees around late September? The chain’s stated tokenized-asset total stood at $27.6 million. Another active-market measure reached $100 million, up from about $70 million in late July.
During that earlier period, about 12 tokenized stocks each recorded more than $500,000 in daily trading. GameStop’s tokenized stock generated $26 million alone.
CASHCAT has recovered sharply, while Robinhood Chain deposits and stablecoin balances continue growing. Yet token launches have declined, tokenized assets remain smaller than the memecoin’s market cap, and the end of subsidized gas fees will provide the next usage test.
