TL;DR:
- Cash Cat hit a new all-time high near $0.315 on MEXC futures after rising from below $0.05 in early August, reaching a valuation around $314 million.
- Robinhood-linked meme tokens including PONS, Basecat and Index also gained attention, highlighting a speculative rotation into a newer generation of meme assets.
- CASHCAT later corrected toward $0.25, while levels around $0.23 to $0.25 became critical for determining whether momentum could stabilize or weaken further.
Cash Cat (CASHCAT) pushed to another all-time high as speculative demand around a new wave of meme tokens linked to Robinhood intensified. The token briefly climbed above $0.31 on MEXC perpetual futures after an almost uninterrupted advance from its August lows. The move placed CASHCAT at the center of a broader meme-token surge, lifting its valuation into the $300 million range before a pullback. Tracking figures put the token near $314 million at one point, followed by a decline toward $276 million as traders confronted the remarkable speed of the rally and its sudden reversal.
What happened in DEX in the last ~24h💾
🔥 ATH – $plumber $BOW $CASHCAT ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 $MarsCoin $FLORK $Index $MOS $Basecat $HYPE$plumber ($5.2M / $4M) https://t.co/K6owoqUiHG$CASHCAT ($314M / $276M) https://t.co/paxicuEW32$MarsCoin… pic.twitter.com/gEsIuL7079
— Layergg (@layerggofficial) September 4, 2026
The expansion has not been isolated to CASHCAT. Index, MOS, Basecat, HYPE and Plumber have also gained attention, while PONS remains among the most recognizable names in the Robinhood-linked meme segment. Valuations across this emerging cluster show how quickly speculative capital has rotated into newer tokens, with PONS reported above $700 million, Basecat around $58 million and Index near $75 million. CASHCAT’s rise, however, has been particularly dramatic, advancing from below $0.05 in early August before reaching approximately $0.315 and then entering a sharp correction on MEXC futures after that extraordinary run.
CASHCAT Faces A Volatility Test After Its Record Run
That correction carried CASHCAT toward $0.25, translating into a daily decline of roughly 15% at the time of the referenced chart. Even after the drop, the token remained well above its major moving averages. The gap between price and trend indicators underlines how aggressively CASHCAT has expanded, with the longer available moving average near $0.123 and the 20-day exponential moving average close to $0.186. Momentum has also begun normalizing, as the relative strength index moved to around 62 after repeatedly approaching overbought territory during the rally and testing stretched conditions repeatedly.
The immediate technical focus now rests on whether the $0.23 to $0.25 area can hold. Stabilization around that zone could leave room for another attempt at $0.30 and the newly established $0.315 record, while a breakdown could increase the likelihood of a deeper retracement toward $0.19 to $0.20. CASHCAT remains one of the standout beneficiaries of the current Robinhood meme rally, but its reversal highlights the market’s fragility. The token’s extraordinary ascent has created fresh attention, yet the MEXC correction shows how rapidly momentum can reverse after such an aggressive expansion in a market dominated by speculative enthusiasm and rapidly shifting sentiment.
