The token briefly pushed its market value past $90 million before easing to about $87.89 million, underscoring the sharp volatility and liquidity risks common in meme coins.
Robinhood meme coin CASHCAT briefly rebounded above a $90 million market capitalization before slipping back to about $87.89 million, while still holding an intraday gain of more than 36%, according to GMGN data. The move highlights the rapid price swings typical of meme coins, a segment where thin liquidity and momentum-driven trading can amplify both rallies and pullbacks over short periods. GMGN also cautioned that meme coin prices can rise or retreat quickly and said traders should pay attention to liquidity and position risks.