A memecoin called CASHCAT jumped 120% in the past week, pushing its market cap back to $86 million. The rally came as Robinhood Chain, the blockchain behind the token, reported $774 million in total value locked (TVL). Tokenized assets on the chain now stand at $27.6 million.
A Week of Gains for CASHCAT
CASHCAT's price more than doubled in seven days. The token had been trading lower before the surge, but the recent move brought its market cap to $86 million. That's still well below the highs seen earlier this year, but the recovery caught the attention of traders tracking memecoin activity on Robinhood Chain.
The chain itself has been growing. Its TVL of $774 million puts it among the smaller but active blockchain ecosystems. Tokenized assets — a category that includes wrapped tokens and other on-chain representations of real-world assets — total $27.6 million. That figure is a fraction of the TVL, but it shows the chain is being used for more than just memecoin speculation.
Robinhood Chain's Metrics
Robinhood Chain's $774 million TVL is a snapshot of the value locked in its decentralized finance protocols. The number has fluctuated in recent months, but the current level suggests steady usage. The $27.6 million in tokenized assets includes a mix of stablecoins, wrapped versions of major cryptocurrencies, and other tokenized products.
CASHCAT's market cap recovery to $86 million means the token is again one of the larger memecoins on the chain. The 120% weekly gain outpaced most other tokens in the same category. Whether the rally continues will depend on trading volume and broader market sentiment.
No official statements from the Robinhood Chain team or CASHCAT developers have been released about the price movement. The surge appears to be driven by organic trading activity on decentralized exchanges.
