TL;DR
- CASHCAT rose 120% in seven days and 22% in 24 hours, reaching $0.087, an $86 million capitalization and $9 million daily volume this week.
- Daily token deployments fell from 35,000 to 10,000, while CASHCAT reached 41,200 holders and kept Robinhood Chain’s deepest memecoin liquidity pool overall.
- Total value locked climbed 20% to $774 million, with $575 million in stablecoins and $100 million in tokenized assets before gas subsidies finally expire.
CASHCAT, the cat-themed memecoin that defined Robinhood Chain’s launch, has regained momentum after the frenzy surrounding its July debut faded. The token rose 120% over seven days and 22% in 24 hours, trading near $0.087 with an $86 million market capitalization and about $9 million in daily volume. The rebound is striking because it arrives after most early launch activity on the chain sharply contracted. Even so, CASHCAT remains far below its mid-July peak near $0.22, leaving the rally as a partial recovery rather than a return to former highs for now across volatile markets.
Network Deposits Grow While the Launchpad Frenzy Fades
The token was created by outsiders around the cash-carrying cat logo used before Robinhood adopted its current brand, while its website describes the project as “fan fiction with a ticker.” It became the chain’s first breakout token after the July 1 mainnet launch, producing seven-figure returns for several early wallets. CASHCAT’s revival contrasts sharply with the collapse of the launchpad boom that originally surrounded it. Noxa stopped accepting launches on July 11 and disappeared two days later, while daily token deployments across Robinhood Chain fell from roughly 35,000 in mid-July to about 10,000 per day.
CASHCAT now has about 41,200 holders, with all 989 million tokens circulating and no locked allocation. Its largest holder is the Uniswap liquidity pool at 2.47%, while the biggest individual wallets below it control between 1.3% and 1.5% each. The holder structure has broadened, yet liquidity remains concentrated in a single pool that anchors trading. That pool contains roughly $5 million, below the $6.6 million supporting a $105 million valuation in July, but it remains deeper than every other memecoin pool operating on Robinhood Chain despite the reduced backing and weaker speculative activity across launchpads.
Robinhood Chain’s underlying deposits continued expanding while speculative issuance slowed. Total value locked reached $774 million, rising 20% in seven days, with lending representing 43% and asset management 41.5%. Morpho held $332 million and Ethena $236 million, while stablecoins totaled $575 million after increasing 14%. The chain’s financial base is growing faster than its fading memecoin factory, creating an unusual split between infrastructure and speculation. Tokenized real-world assets reached $100 million, but Robinhood is covering gas fees until roughly late September, making user behavior after subsidies expire the clearest test of whether growth can endure.
