CASHCAT, a meme coin in the Robinhood Chain ecosystem, briefly pushed its market capitalization above $250 million, setting a new all-time high, according to GMGN market data. The token was later quoted at about $243 million in market cap, while its intraday gain remained above 31%.
The move marks a sharp short-term jump for the token based on the figures cited by Odaily. The report did not provide additional trading metrics beyond market capitalization and daily percentage gain, but it did note that the spike was enough to take CASHCAT to a record level before easing back.
Odaily also attached a risk reminder, saying meme coins can see large price swings and are easily affected by market sentiment and trending events. The outlet urged traders to pay attention to trading risks. No additional details were disclosed in the brief.
According to GMGN market data cited by Odaily, CASHCAT, a meme coin in the Robinhood Chain ecosystem, briefly pushed its market capitalization past $250 million and hit a fresh all-time high.
Later, the token was valued at roughly $243 million in market cap, after posting an intraday gain of more than 31%.
Odaily also said meme coins are highly volatile. Easy to move. They can be swayed fast by market sentiment and trending events, and it urged traders to stay alert to trading risks.
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