Cash Cat (CASHCAT) Price: Why the Robinhood Chain Meme Coin Jumped Over 1,400% in 24 Hours

TLDR

• Cash Cat (CASHCAT) surged over 1,400% in 24 hours, hitting an all-time high of $0.1418
• The token runs on Robinhood Chain, a Layer 2 blockchain that launched July 1
• Robinhood CEO Vladimir Tenev highlighted the chain’s support for meme coins and RWA projects
• On-chain firm Lookonchain flagged two traders who turned under $1,000 into over $1 million each
• A wallet linked to trader Ansem spent $233,000 buying 2.79 million CASHCAT tokens in three hours

Cash Cat (CASHCAT) jumped over 1,400% in a single 24-hour period, making it one of the top-performing tokens in the market. The token hit a new all-time high of $0.1418 before pulling back to around $0.1202.

Over the past seven days, CASHCAT has climbed more than 5,530%. The move happened while Bitcoin fell roughly 2.1%, showing this rally was driven by token-specific factors.

CASHCAT is a meme coin built on Robinhood Chain, a Layer 2 blockchain launched on July 1. The chain is focused on on-chain finance and real-world asset (RWA) tokenization.

Robinhood CEO Vladimir Tenev posted on social media about the chain’s ability to support both meme coins and RWA projects. His comments drew attention to tokens already live on the network, and CASHCAT quickly became one of the biggest beneficiaries.

Cash Cat was an early mascot for the Robinhood stock app. That connection gave the token a ready-made identity when Robinhood Chain launched.

Traders Turn Hundreds Into Millions

On-chain analytics firm Lookonchain highlighted two eye-catching trades. One trader turned $838 into $1.05 million after buying 15.04 million CASHCAT tokens and holding them for 20 days.

A second trader converted just $86 into $1.6 million. They bought 17.5 million CASHCAT tokens, sold part of their position, and continued holding the rest.

These stories spread quickly on social media and pulled more buyers into the token. No major exchange listings or protocol upgrades have been identified as catalysts.

Trading volume topped $138.8 million in 24 hours. That level is well above the $80 million threshold traders watch as a sign of sustained interest.

Ansem-Linked Wallet Drops $233,000 on CASHCAT

Lookonchain flagged a large purchase on July 8. A wallet labeled “Ansem-2” spent $233,000 to buy 2.79 million CASHCAT tokens in under three hours.

On-chain analysis linked the wallet to a Solana address connected to trader Ansem (@blknoiz06). That Solana address holds 10.5 million ANSEM tokens worth roughly $3.2 million.

Ansem has not confirmed the wallet belongs to him. Attribution remains speculative, based entirely on on-chain patterns rather than any public statement.

The token’s market cap surpassed $45 million during the surge. CASHCAT ranks 283rd by market cap and has a circulating supply of nearly 1 billion coins.

Key support is now at $0.115. Holding above that level keeps the focus on a potential challenge of the $0.134 to $0.1418 range.

A break below $0.11 would point to increased profit-taking. Traders are watching $0.10 as the next support area in that scenario.

During the latest session, trading volume stayed above $138 million.

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