- One CASHCAT trader has turned $316 into more than $2.17 million on the newly launched Robinhood Chain following the memecoin explosion just days after launch.
- The brand saw an impressive increase after its market capitalization exceeded $120 million.
- On July 8, World, the popular prediction market on Solana, announced its plan to move to Robinhood after discussions of the internal team.
In the new explosion of memecoin, a CASHCAT trader has turned a small investment of $ 316 into more than $ 2.17 million on the newly launched Robinhood Chain.
According to Arkham Intelligence, an investor bought CASHCAT tokens when the project’s market capitalization was close to $7,400. This was just a few days after the Robinhood Chain mainnet launch on July 1, 2026.
In just a few days, CASHCAT has seen the explosion of the new Ethereum Layer-2 network as the market capitalization rose above $120 million within one week, along with a spike of 1,700% on the daily chart.
This broker has also shown how easy it is to make money by investing in memecoin during its initial launch. For a brand that openly calls itself to have “zero utility.”
CASHCAT Memecoin Sees Massive Market Growth
CASHCAT is a memecoin based on the recently released Robinhood Chain, which is Part-2 blockchain developed by US platform Robinhood using Arbitrum. Memecoin became the leading token on the Internet.
The CASHCAT service is built around an interesting part of Robinhood’s history. According to this article, the founders of Robinhood, including CEO Vlad Tenev, planned to give the CashCat name to their company. Tenev shared the story publicly in an interview and joked about it on social media. This name has given memecoin a strong cultural appeal along with a strong momentum after the launch of the Robinhood Chain.
However, CASHCAT does not have an official partnership with Robinhood, and is just another memecoin based on hype that got too high due to traditional profits. Memecoin has a total of 1 billion tokens. According to CoinMarketCap priceThe price of CASHCAT is currently circulating $0.1246 along with an impressive market capitalization of $124.68 million at the time of this writing. The token is traded mainly on international exchanges such as Uniswap V3 on the Robinhood Chain.
Solana-Based Prediction Market World Leaves Solana and plans to join Robinhood
Since day one, Robinhood Chain has started to integrate strong relationships. This includes Uniswap, which deployed a dedicated market maker (AMM) to issue public funds. Apart from this, Pleiades has announced its support for the sale of its owners. Other services such as Alchemy, BitGo, and Chainlink have also announced their blockchain support.
Chainlink is the certified oracle provider with quality data feeds and centralized communication through its CCIP technology.
Thodoris Karakostas, Director of Global Partnerships, Chainlink Labsit is said in Press release, “We’re excited to see Robinhood Chain adopt Chainlink as the official data and communication platform that supports Robinhood Chain and opens access to onchain wealth to millions of users. This is how the world’s largest financial software accelerates the transformation of the financial system for companies powered by Chainlink.”
Robinhood Chain’s main goal is to make stocks with tokens, such as NVDA, AAPL, and GOOG, available in more than 120 countries through the Robinhood Wallet. Between the transparency of real-world asset management (RWAs) and adoption among investors, users can trade stocks with these tokens while using them as collateral for the DeFi lending protocol. Apart from this, the chain also offers agency marketing services.
All over the world, a popular prediction market has been created Solanahe announced that he is moving to Robinhood Chain after 24 hours within himself and his team. This shows the benefits of the newly released blockchain, which is well suited to the prediction market.
In the past, Robinhood executives have expressed interest in the prediction market segment. JB Mackenzie, VP and General Manager of Futures and International at Robinhood, said, “Robinhood sees the need for customers in the prediction markets, and we are excited to support this. Our investment in infrastructure will allow us to provide better products and innovative solutions to customers.”
