The post Lucky Trader Turns $85 Into $2 Million on Robinhood Chain Meme Coin appeared on BitcoinEthereumNews.com.
In brief A meme coin trader bought $85 worth of CashCat on Robinhood Chain in June. It’s now worth more than $2 million. The trader has netted profits of around $585,000 and still maintains $1.6 million worth of CashCat. CashCat has surged to a market cap above $130 million, jumping more than 1,230% in the last 24 hours. A patient meme coin investor turned less than $100 into a small fortune on a new meme coin on Robinhood Chain, the new Ethereum layer-2 network from the brokerage and crypto exchange Robinhood. A user with the Ethereum address beginning in “0xeEE2,” bought 0.05 ETH or around $85 worth of CashCat on June 18, a few weeks before the company formally announced the public launch of its network mainnet. At the time, the purchase was good enough for around 17.4 million CashCat tokens. Just over three weeks later, the dollar amount on paper has ballooned to more
The post Robinhood Chain Metrics Surge as the Network Leans Into Memecoins appeared on BitcoinEthereumNews.com.
Pump.fun added trading for Robinhood Chain tokens and prediction market World said it will migrate from Solana, as CEO Vlad Tenev reversed course to call the RWA-focused chain ‘great for memes.’ The biggest jump in value locked, though, came from an Ethena stablecoin deposit. Robinhood Chain’s onchain activity surged this week as a memecoin frenzy, a Pump.fun integration and a defecting Solana app converged on the barely week-old network — even as its largest single inflow traced to a stablecoin deposit rather than the meme trade. Cumulative addresses on the Arbitrum-based Layer 2 climbed toward 200,000 and protocol total value locked reached roughly $234 million, according to a network overview dashboard published by Entropy Advisors on Dune. The chain went live to the public on July 1, meaning nearly all of that growth was compressed into the past week, with activity accele
Pump.fun added trading for Robinhood Chain tokens and prediction market World said it will migrate from Solana, as CEO Vlad Tenev reversed course to call the RWA-focused chain 'great for memes.' The biggest jump in value locked, though, came from an Ethena stablecoin deposit.
The post The Hottest Prediction Market in Crypto Just Left Solana, But Why? appeared on BitcoinEthereumNews.com.
The World prediction market, which launched on Solana (SOL) barely a week ago, said it will move to Robinhood Chain. The team offered no clear reason for leaving so soon after its debut. The switch reverses a story from days earlier, when World was Solana’s homegrown answer to Polymarket and Kalshi. Now it is tying its future to a mainstream broker’s network. A Fast Rise for the World Prediction Market Prediction markets let people bet real money on the outcome of real events, from elections to football matches. World arrived in that fast-growing space with real hype. The project built attention with a stealth campaign, teasing a glowing globe and the line “Trade Everything” before any product. It then went live inside Phantom on July 1, a wallet with more than 15 million monthly users. World never holds user money. It settles bets automatically using Chainlink data and pays
The integration signifies a pivotal shift, potentially accelerating DeFi adoption and pressuring traditional finance to innovate or adapt.
The post Morpho integrates with Robinhood Chain to enable DeFi lending for millions of retail users appeared first on Crypto Briefing.
Robinhood's embrace of memecoins highlights the tension between speculative trading and the intended institutional focus of blockchain platforms.
The post Robinhood CEO does an about-face on memecoins after CASHCAT goes parabolic on Robinhood Chain appeared first on Crypto Briefing.
The meme coin CashCat on Robinhood Chain is the latest flavor of the hour, and one trader has turned a mini-investment into a small fortune in less than three weeks.
The post CASHCAT Soars 1,600% Amid Robinhood Memecoin Frenzy appeared on BitcoinEthereumNews.com.
CASHCAT jumped over 1,600% in 24 hours, pushing its market capitalization to $117 million. Whale buying and Ansem wallet speculation fueled demand for the CASHCAT memecoin. Robinhood has not endorsed CASHCAT despite the rally boosting attention around its Layer-2 chain. Robinhood Chain-based memecoin CASHCAT continued its explosive rally on July 8. The token jumped more than 1,650% in 24 hours to trade around $0.112. The surge pushed CASHCAT’s market cap to $117 million, making it one of the day’s best-performing cryptocurrencies. Notably, the public interest in Robinhood’s new Layer-2 blockchain has helped stir the rally. The token’s name references “Cashcat,” Robinhood’s original internal codename from its early years, which adds to its appeal. However, despite the price surge, Robinhood has not endorsed the memecoin. Whale Buy Fuels Ansem Speculation Blockchain analytics platform Look
Pump.fun's integration with Robinhood Chain could redefine cross-chain trading, but its sustainability hinges on converting speculative interest into lasting engagement.
The post Pump.fun routes trades to Robinhood Chain, CASHCAT surges 900% appeared first on Crypto Briefing.
