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

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

The early mascot of Robinhood's stock trading app was CASHCAT, which was later renamed Robinhood. On July 1st this year, Robinhood launched its own L2 blockchain, 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.