'CASHCAT' trader turns $800 into over $1 million on Robinhood's brand new blockchain

Tech'CASHCAT' trader turns $800 into over $1 million on Robinhood's brand new blockchainRobinhood's blockchain went live on July 1 to move stocks onchain. Its first breakout hit is a memecoin named after the mascot the company abandoned.By Shaurya Malwa Jul 9, 2026, 6:40 a.m. 3 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowA cat-themed memecoin called CASHCAT has become the first breakout hit on Robinhood’s new Arbitrum-based blockchain, soaring to a market value of about $105 million.Early buyers have turned tiny stakes into seven-figure windfalls, with the five most profitable wallets realizing roughly $3.7 million in gains, even as thousands of later traders provide the exit liquidity.Despite the frenzy, CASHCAT trades on thin liquidity and sharp price swings, highlighting the risks of speculative memecoins and complicating Robinhood’s push to position its chain as infrastructure for tokenized real-world assets.Major financial exchange Robinhood launched its own blockchain on July 1 to move stocks and bonds onchain. But the first breakout hit is a cat-themed token that's generated a fortune for early, lucky punters.CASHCAT, a memecoin named after the mascot Robinhood used before it was Robinhood, has surged several hundred percent on Robinhood Chain in the past two days, the Arbitrum-based network the brokerage switched on at a London keynote billed "Robinhood Presents: The World Is Flat."One early buyer spent $838 on 15.04 million tokens roughly three weeks ago and has since sold about 13.5 million of them for around $917,600, according to onchain data, with the remainder worth roughly $133,700 as of Asian afternoon hours Thursday. That is a return of about 1,250 times the original stake.It is not alone. A second wallet turned $85 into 17.4 million tokens in one buy and has realized about $687,700 while sitting on roughly $1.2 million more on paper. The five most profitable wallets…

'CASHCAT' trader turns $800 into over $1 million on Robinhood's brand new blockchain

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