Meme Coins Cash Cat and OnlyMarms Soar in Value Amid Unusual Factors
Cash Cat and OnlyMarms are two meme coins that have been making headlines in recent days. Cash Cat, trading under the ticker CASHCAT, surged over 65% in 24 hours due to a whale buying and an unverified celebrity mention. The whale quietly dropped 424 ETH, worth around $791,000, on 13.14 million CASHCAT tokens, resulting in an unrealized gain of about $115,000. This move added fuel to the fire when the rumor mill started circulating that Robinhood CEO Vlad Tenev name-dropped the token during a livestream. However, it's essential to note that this claim is still unverified and adds manipulation risk on top of low liquidity.
On the other hand, OnlyMarms, trading under the ticker ONLYMARMS, jumped over 400% in a day after out-earning an actual OnlyFans page. A marmot research crowdfunding campaign raised more than $14,000 through the token, while the lab's own official funding page only managed to raise $6,000. This unusual real-world story made it go viral on crypto Twitter.
The market caps of both coins are relatively low, with Cash Cat sitting near $68.6 million and OnlyMarms at around $2.3 million. The 24-hour volumes for these coins are also notable, with Cash Cat seeing around $22.1 million in trading activity and OnlyMarms reaching approximately $5.5 million.
It's worth noting that the BlackRock filing for a new tokenized fund has added extra energy to Solana coins this week, separate from OnlyMarms' own viral moment. The future of these meme coins is uncertain, but their volatile nature means that prices can change rapidly and unpredictably.