CATGPT briefly tops $20 million before pulling back to a $15.62 million market cap
Robinhood ecosystem meme token CATGPT jumped again on Sept. 12 after what GMGN data described as an afternoon of choppy washout trading, briefly pushing its market capitalization above $20 million before retreating to $15.62 million. The token was still up 41% over the past hour at the time of the report. CATGPT is traded on Long.xyz against OPENAIx1L, a tokenized 1x long position tied to OpenAI. Long.xyz, a meme coin launch platform on the Robinhood chain, centers on what it calls a "stock-meme" model, pairing meme tokens directly with on-chain tokenized U.S. equities such as NVDA, TSLA, and AAPL instead of traditional pairs like USDT or ETH. According to the report, part of the trading fees flows back into a community treasury that accumulates the corresponding stock tokens. BlockBeats said the structure gives traders speculative exposure through an on-chain tokenized long plus meme pairing, while also warning that these tokens are highly volatile and carry significant uncertainty.








