CASHCAT Hits $240M All-Time High as On-Chain Market Lags Behind BTC and ETH Rally

Robinhood-chain meme token $CASHCAT reached a record $240 million market cap, yet the broader on-chain market remains a step behind the explosive rallies in BTC and ETH. Older, community-backed tokens have outperformed fresh launches as capital and sentiment have yet to fully trickle down from the majors. Robinhood CEO Vlad Tenev praised the stock-meme hybrid model on a recent podcast, calling tokenized equity airdrops a novel asset class. CZ offered a positive take on stock memes as well, and his decision to follow Vlad on social media has fueled speculation about potential cross-listing between Binance and Robinhood. Analysts see the current phase as a prelude to a much larger on-chain cycle once momentum catches up.