CASHCAT tumbles on Robinhood Chain after Hyperliquid listing fuels volatility

CASHCAT, a meme coin launched on Robinhood Noxa/Robinhood Chain, reversed sharply after a rapid rally, highlighting the risks of thin-liquidity tokens and leveraged trading. CoinGecko data cited in one report showed the token had risen more than 3,200% in a week, briefly hit an all-time high of $0.2288 and reached a market capitalization of about $226 million before falling about 60% after perpetual futures trading launched on Hyperliquid and roughly 90% of long positions were liquidated. Subsequent GMGN snapshots showed continued volatility, with CASHCAT down 30.47% over 24 hours in one report, down 20% in 1H in another, and later down 12% over 24 hours to a $138 million market cap on July 15. GMGN data also pointed to broader weakness in Robinhood Chain meme tokens including JUGGERNAUT and HOODRAT, while ARROW and utility-focused INDEX posted gains.