The meme token CASHCAT on the Robinhood chain has surpassed a $45 million market cap, with a 24-hour surge of over 370%.

BlockBeats News, July 8th, according to GMGN monitoring, the on-chain meme token CASHCAT's market cap has exceeded $45 million, with a 24-hour surge of over 370%.

Robinhood's early mascot on the US stock trading app was CASHCAT, which was later renamed Robinhood. On July 1st this year, Robinhood launched its proprietary L2 chain, Robinhood Chain, focusing on on-chain finance and RWA.

BlockBeats reminds users that meme coins often lack practical value and experience significant price volatility, so trading should be approached with caution.