On-chain data from GMGN shows CASHCAT, a meme token in the Robinhood Chain ecosystem, is trading around $0.1605 with a market cap of roughly $159 million on Aug. 13. The token has rebounded about 280% from its stage low 10 days ago, reaching 4.9 times the lowest price of last month's pullback, and rose about 16% in the past 24 hours. A trader at address 0x44df, one of the biggest winners of this rebound, kept accumulating during the downswing and bought four times near the bottom, investing about $89,700 at a weighted average cost of $0.0568. Those extra positions have gained roughly $162,800, a return of about 181.4%. The address still holds about 2.755 million CASHCAT, valued at around $445,400, most of it bought during the first major rally on July 7. Unrealized profit stands at about $289,800, total profit at about $303,900, an overall return of around 338%. BlockBeats cautioned that meme coins are highly volatile and largely driven by market sentiment, with little inherent value.
On-chain data from GMGN shows CASHCAT, a meme token in the Robinhood Chain ecosystem, is trading around $0.1605, with a market cap of roughly $159 million as of Aug. 13. The token has rebounded about 280% from its stage low 10 days ago, reaching 4.9 times the lowest price of last month's pullback. It rose about 16% in the past 24 hours.
Trader 0x44df Bought Four Times Near the Bottom
A trader at address 0x44df has emerged as one of the biggest winners of this rebound. On-chain data shows the address kept accumulating during the downswing, buying CASHCAT four times near the low with a net investment of about $89,700 and a weighted average cost of about $0.0568. At the current price, those additional positions have gained roughly $162,800, a return of about 181.4%.
Overall Position Up About $300,000
The trader still holds about 2.755 million CASHCAT, worth approximately $445,400. Most of that position was built during the first major rally on July 7. Unrealized profit stands at about $289,800, total profit at about $303,900, and the overall return is around 338%.
BlockBeats reminded that meme coins are highly volatile, driven largely by market sentiment and concept speculation, with little real value or use case. Investors should be aware of the risks.
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