According to ChainCatcher, trader 0x4B1 bought roughly $1.29 million worth of CASHCAT when the token was listed on Robinhood. The position accounted for about 0.85% of the token’s total supply, with an average entry implying a market capitalization of around $150 million at the time of purchase. After the Robinhood listing, CASHCAT fell about 30%, leaving the trader with an unrealized loss of roughly $412,000. On-chain data shows that 0x4B1 has not sold any of the tokens so far. The report focuses on the timing of the purchase, the size of the position, the implied valuation at entry, the subsequent price decline, and the trader’s current holding status.
According to ChainCatcher, trader 0x4B1 bought about $1.29 million worth of CASHCAT when the token was listed on Robinhood. The purchase represented about 0.85% of the token’s total supply, and the trader’s average entry corresponded to an implied market capitalization of roughly $150 million.
After CASHCAT went live on Robinhood, the token’s price dropped about 30%. The position is now showing an unrealized loss of around $412,000.
On-chain data shows that 0x4B1 has not sold any of the tokens so far.
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