CoinDesk·3 min read·medium
'CASHCAT' trader turns $800 into over $1 million on Robinhood's brand new blockchain
S
Shaurya Malwa
✦AI Summary
A new memecoin called CASHCAT has seen massive price volatility on the Robinhood Chain, with early traders netting significant profits. Despite the gains, the token faces liquidity concerns and skepticism regarding its long-term utility.
CASHCAT, a memecoin named after the mascot Robinhood used before it was Robinhood, has surged several hundred percent on Robinhood Chain in the past two days, the Arbitrum-based network the brokerage switched on at a London keynote billed "Robinhood Presents: The World Is Flat."
businesscryptoeconomy
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