On July 8, according to GMGN monitoring, the market value of Robinhood's on-chain meme token CASHCAT continued to surge, breaking through 68 million US dollars, with a 24-hour increase of over 718%.
Robinhood's early mascot image in the Robinhood US stock App was CASHCAT, later renamed Robinhood. On July 1 this year, Robinhood launched its own L2 public chain, Robinhood Chain, focusing on on-chain finance and RWA.BlockBeats reminds users that meme coins often lack actual value and have significant price volatility, so trading requires caution.[BlockBeats]