CASHCAT jumps over 71% as market cap tops $75 million

The Robinhood Chain meme coin's valuation rebounded past $75 million on Aug. 4, with 24-hour trading volume reaching $17.6 million, according to GMGN market data.

Summary

CASHCAT, a meme coin on Robinhood Chain, rebounded above a $75 million market capitalization on Aug. 4 after rising more than 71% over the past 24 hours, according to GMGN market data. The token's 24-hour trading volume reached $17.6 million. BlockBeats warned that meme coins are highly volatile and said investors should remain mindful of the risks.

Terms & Concepts
  • meme coin: Token driven largely by online hype
  • market capitalization: Total value of a token's supply