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CASHCAT drops 32% as a whale cashes out $2.85M – Can $0.10 hold?

The memecoin Cash Cat (CASHCAT) has experienced a significant decline, dropping 32% to around $0.12 after reaching an all-time high of $0.23. This downturn was partly triggered by a whale who cashed out $2.85 million in profits, having initially invested only $3,000, signaling fading bullish sentiment. The price drop also led to over $2 million in long position liquidations, increasing selling pressure. Market data shows sell volume exceeding buy volume, with negative net buying activity. Under current conditions, CASHCAT risks falling further, potentially breaching the $0.10 support level and moving toward $0.08, unless it can reclaim the $0.20 level to reverse the bearish trend.

ambcryptoHace 4 hora(s)

CASHCAT drops 32% as a whale cashes out $2.85M – Can $0.10 hold?

ambcryptoHace 4 hora(s)

With NOXA's Exit, Who Will Take the Crown of Robinhood Chain's Token Launch?

Original by Odaily Planet Daily, author Asher. The hottest token launch platform on Robinhood Chain, NOXA, suddenly halted its token issuance business at its peak traffic. Over about two weeks, NOXA had dominated Robinhood Chain's meme scene, launching around 60,000 tokens and accounting for over 75% of new tokens on the chain. It produced the meme coin CASHCAT, which reached a market cap exceeding $200 million, and its protocol fees surpassed $14.5 million. However, NOXA suspended new launches on July 11th citing issues like bot attacks. While it later restored a static site for viewing historical tokens and claiming creator fees, its core launch function was permanently shut down, effectively exiting the competition. Following NOXA's departure, daily token creation on Robinhood Chain quickly rebounded and hit a new high, with demand shifting to over 20 other launchpads. Flap emerged as the largest beneficiary by volume, capturing over 35% of daily launches. Bankr, backed by Coinbase Ventures, offers an AI Agent-based launch entry point. Klik attracted traders by refunding all platform fees to them, while trench.today also saw significant launch volume. The article concludes that merely handling high launch volumes is insufficient to become the next leader. The key, as demonstrated by NOXA with CASHCAT, is to produce a flagship meme token with significant market capitalization and wealth effect. Until such a token emerges from a new platform, the landscape on Robinhood Chain remains a fiercely contested battle with no clear frontrunner.

Odaily星球日报Hace 14 hora(s)

With NOXA's Exit, Who Will Take the Crown of Robinhood Chain's Token Launch?

Odaily星球日报Hace 14 hora(s)

Short-Lived Meme Mania: Can It Be the Icebreaker for Robinhood's RWA Narrative?

Robinhood recently launched its own Layer 2 network, Robinhood Chain, built on Arbitrum and focusing on tokenized stocks, RWA, DeFi, and AI finance. Shortly after launch, a meme coin called CASHCAT, named after an early unused Robinhood brand, surged in popularity, achieving a market cap near $150 million and high daily trading volume. It gained traction through third-party DEXs and launchpads like Uniswap and Noxa.fun, bypassing Robinhood's official listing process. This highlights a key feature of the permissionless chain: even assets not officially approved can achieve significant liquidity and trading activity. While CASHCAT currently dominates the chain's meme coin sector, its high turnover indicates speculative trading. The rapid proliferation of new meme coins risks dispersing liquidity. Meanwhile, the chain's core RWA sector remains relatively small at $12.5 million. CEO Vlad Tenev has expressed that the chain is well-suited for both RWA and meme coins. In the optimistic scenario, meme-driven activity could bootstrap the chain's user base and liquidity for its long-term RWA vision. However, if the meme frenzy fades quickly, the RWA narrative may struggle to gain traction independently. The incident demonstrates that on a permissionless platform, the market itself can create major assets, offering Robinhood a potential new growth avenue beyond its core crypto business as it navigates the long-term development of the tokenized asset market.

Foresight News07/10 02:50

Short-Lived Meme Mania: Can It Be the Icebreaker for Robinhood's RWA Narrative?

Foresight News07/10 02:50

Robinhood Chain's First Breakout Hit Is a Meme Cat: Retail Investors Dig Out CashCat's 'Original Name,' CEO Jumps on the Trend

Robinhood Chain launched its mainnet on July 1st, promoting tokenized U.S. stocks as its core feature. However, the first asset to gain significant traction was a meme token called CASHCAT, which surged over 1700% in 24 hours, reaching a market cap of $120 million. The token's narrative stems from Robinhood's early history: CEO Vlad Tenev revealed the company's initial working name was "CashCat." CASHCAT has no official ties to Robinhood and declares itself as "pure cat" with zero utility. Tenev added fuel by tweeting on July 8th that the chain is "great for memes," which the community saw as implicit approval. The hype has attracted copycat tokens on other chains like Solana and impersonator accounts promoting scams. The article highlights the extreme volatility and risks associated with this new, illiquid meme token on a fledgling blockchain, cautioning investors to verify contracts and treat any investment as high-risk speculation.

marsbit07/08 07:12

Robinhood Chain's First Breakout Hit Is a Meme Cat: Retail Investors Dig Out CashCat's 'Original Name,' CEO Jumps on the Trend

marsbit07/08 07:12

CASHCAT Market Cap Surpasses $100 Million! Robinhood Chain Goes Viral

The meme coin CASHCAT has skyrocketed over 1300% in 24 hours, surpassing a $130 million market cap and bringing significant attention to the Robinhood Chain and its meme launch platform, Noxa.fi. Noxa.fi is a multi-chain meme launchpad that recently added support for Robinhood Chain. It enforces key rules for launches on this network: a low base fee of 0.0005 ETH, instant listing on Uniswap V3, a 1% standard trading fee (no additional token tax), and anti-sniping measures for the first hour to prevent bot manipulation. Currently, 9 of the top 10 tokens by market cap on Robinhood Chain were launched via Noxa.fi. The leader is CASHCAT ($130M), which carries a narrative tied to Robinhood's original considered name, "Cash Cat." Other notable tokens include GME ($4M) and DIH ($4.1M). The article cautions that meme coins are driven purely by hype and community sentiment, with volatile and often short lifecycles. To participate, users need to configure the Robinhood Chain network, bridge assets using supported bridges, and can track tokens on platforms like GMGN and DEX Screener.

Foresight News07/08 06:43

CASHCAT Market Cap Surpasses $100 Million! Robinhood Chain Goes Viral