Highlights:
- A CASHCAT trader turned $316 into over $2.17 million on the newly launched Robinhood chain following a memecoin hack just days after the launch.
- The token has seen an impressive rise after its market cap rose to over $120 million.
- On July 8, World, a popular prediction market in Solana, announced its plan to move to Robinhood after an internal discussion among the team.
In a new memecoin hack, a CASHCAT trader turned a small investment of about $316 into more than $2.17 million in the newly launched Robinhood chain.
According to Arkham Intelligence, the trader purchased CASHCAT tokens when the market cap of the project was around $7,400. This was just days after Robinhood Chain’s mainnet went live on July 1, 2026.
Within a few days, CASHCAT saw a hack of the new Ethereum Layer-2 network with its market capitalization rising to over $120 million in one week, along with a 1,700% rise on the daily chart.
This trader has once again shown how easy it is to make money by investing in memecoin in the early period of launch even when it is not…The creator of memecoin promotes it as having “no benefit.”
CASHCAT Memecoin is experiencing tremendous growth in market capitalization
CASHCAT is a memecoin launched on the newly introduced Robinhood chain, a coin Layer 2 The blockchain was developed by the American trading platform Robinhood using Arbitrum. memecoin has become the leading token on the network.
The CASHCAT project was developed around a fun part of Robinhood’s history. According to the story, Robinhood’s founders, including CEO Vlad Tenev, planned to give the name CashCat to their company. Tenev has also publicly shared this story in interviews, and even joked about it on social media. This name gave the memecoin strong cultural appeal along with strong momentum after the launch of the Robinhood chain.
However, CASHCAT has no official relationship with Robinhood, and is just another hype-based memoku coin that has skyrocketed due to strong cultural utility. The total supply of memecoin is 1 billion tokens. according to CoinMarketCapthe Kashkat price is currently hovering $0.1246, Along with an impressive market cap of $124.68 million at the time of writing. The token is primarily traded on decentralized exchanges such as Uniswap V3 on the Robinhood chain.
Solana-based prediction market ditches Solana and plans to join Robinhood
World, a popular forecasting market has developed Solanaannounced that it will move to Robinhood Chain after a 24-hour internal review by its team. This demonstrates the advantages of the newly launched blockchain, which is fully compatible with the prediction market.
Earlier, Robinhood officials also expressed interest in the prediction market segment. “Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on this momentum,” said J.P. McKenzie, vice president and general manager of futures and international at Robinhood. “Our investment in infrastructure will enable us to deliver a better customer experience and more innovative products.”
From day one, Robinhood Chain began incorporating strong partnerships. These companies include Uniswap, which deployed a dedicated automated market maker (AMM) to provide public liquidity. Apart from this, Thuraya announced its support for proprietary trading. Other projects such as Alchemy, BitGo, and Chainlink have also announced their support for blockchain technology.
Chainlink is the official oracle provider with efficient data feeds and cross-chain interoperability through its CCIP technology.
Todoris Karakostas, Director of Global Partnerships, Chainlink Labscame in press release, “We are thrilled to see Robinhood Chain embrace Chainlink as the official data and cross-chain oracle infrastructure that powers Robinhood Chain and opens up access to the onchain economy for millions of users. This is how the world’s largest financial services apps are accelerating the transition to an on-chain financial system powered by Chainlink.”
The main focus of Robinhood Chain is to make tokenized stocks, such as NVDA, AAPL, and GOOG, available in more than 120 countries through the Robinhood wallet. Amid increasing regulatory clarity around real assets (RWAs) and adoption among investors, users can trade these token shares while using them as collateral on the DeFi lending protocol. Apart from this, the chain also provides support for proxy trading.
