July 8th, according to GMGN market data, the market cap of Robinhood's on-chain Meme coin CASHCAT continued to surge, briefly exceeding $98 million, and is now retraced to $92.47 million, with a more than 11x increase in the past 24 hours.
Robinhood's early mascot was the CASHCAT, which was later renamed Robinhood. On July 1st this year, Robinhood launched its own L2 chain, the Robinhood Chain, focusing on on-chain finance and RWA.Meme coins often lack practical value and experience significant price volatility, so trading should be approached with caution.[BlockBeats]