Cashcat Surges Past $150M as Robinhood Chain TVL Hits $774M

Cashcat has surged nearly 100% in the last 24 hours as its market capitalization now exceeds $150 million.

The price spike, which was driven by a wave of positive factors, follows the recent listing of Robinhood US, where Cashcat is now available to trade. According to data from crypto price aggregators, the token's price has soared by 90% over the last day, with daily trading volumes spiking by over 250% to settle at $109 million.

The Robinhood US listing has been trailed by allegations of insider trading, with several wallets going long on Cashcat hours before the official announcement. Analysts have since predicted a near-term dip in prices following the listing by Robinhood US.

Riding the wave of Cashcat's price surge are other low-cap meme coins, which have posted double-digit gains in the last 24 hours. Meanwhile, the total value locked (TVL) on the Robinhood Chain has climbed to $774 million, a 20% increase over the past week.