The feline-themed memecoin CASHCAT has advanced roughly 120 percent across the past seven days on Robinhood Chain, clawing back a portion of the decline that set in after the network’s intense early-July trading surge. The token now changes hands near 8.7 cents, posting a 22 percent gain in the prior 24 hours.
Its market capitalization stands around $86 million, supported by approximately $9 million in daily trading volume. Even so, the price remains substantially below the mid-July high near 22 cents.
CASHCAT originated outside Robinhood itself. Independent creators built it around the cash-holding cat imagery the brokerage once used before its rebrand.
The project’s site openly labels the token “fan fiction with a ticker.” Shortly after Robinhood Chain’s mainnet activation on July 1, the asset became the network’s first major breakout, delivering substantial profits to a small group of early holders.
The momentum even prompted CEO Vlad Tenev—who only days earlier had described assets lacking utility as a dead end—to note that the chain also performed well for memes.
Most companion tokens from that initial launch wave have largely disappeared.
The Noxa launchpad, which powered much of the July activity, ceased new deployments on July 11 and went offline two days later after collecting an estimated $12 million in fees.
It continues to hold roughly $137,000 worth of CASHCAT without having sold, so the position’s value has risen about 75 percent in the latest week.
Overall token creation rates across the chain’s launchpads have dropped from around 35,000 per day in mid-July to roughly 10,000.
Ownership of CASHCAT has become more widely distributed. Data indicate approximately 41,200 holders.
The entire 989 million supply circulates freely with no locked portions.
The largest single position belongs to the Uniswap liquidity pool at 2.47 percent; the next-biggest wallets each control between 1.3 percent and 1.5 percent.
That pool currently contains about $5 million in liquidity—lower than the $6.6 million that underpinned a $105 million valuation in July—yet it remains the deepest and most liquid memecoin pool on the network.
Meanwhile, capital locked on Robinhood Chain has continued to grow. Total value locked has reached $774 million, a 20 percent increase over seven days.
Lending protocols account for 43 percent of the total and asset-management activity for 41.5 percent.
Two platforms dominate nearly three-quarters of the figure: Morpho holds $332 million and underpins Robinhood’s own on-chain earn product, while Ethena manages $236 million through a yield-bearing dollar-pegged token. Stablecoin balances on the chain stand at $575 million, up 14 percent from the previous week.
Tokenized real-world assets—the original focus of the chain—now show an active market value of $100 million, rising from about $70 million in late July.
At that earlier point a dozen tokenized equities were each generating more than $500,000 in daily volume, with GameStop alone reaching $26 million. Robinhood continues to subsidize gas fees through roughly the end of September.
The true test of sustained usage will arrive once users begin covering their own transaction costs.
Despite the cooling of speculative launch activity, the combination of CASHCAT’s renewed strength and the steady expansion of locked capital illustrates that Robinhood Chain retains meaningful on-chain momentum beyond its opening frenzy.