CASHCAT [$CASHCAT], a memecoin on Robinhood Chain [HOOD], briefly exceeded a $250 million market capitalization on Aug. 27, setting a record, according to GMGN market data cited by BlockBeats. Its market cap was later reported at $243 million, with the token up more than 31% on the day. The move follows a 120% gain during its strongest week on record and broader attention around Robinhood Chain. Robinhood users hold about 8.7% of CASHCAT’s supply, while trading volume previously reached roughly $206 million. Lookonchain said a whale spent $1.49 million to acquire 13.64 million CASHCAT, later valued at $2.82 million for an unrealized profit of $1.3 million. Earlier technical data showed the rally pausing near $0.20 after a move above $0.22, with RSI at 46 and MACD slowing. HOOD had risen 20.6% from its early-August lows into the $104.5 area and traded above $110, while aggregated Open Interest was 13.05 million and the Average Funding Rate was close to zero. BlockBeats warned that memecoins often have limited practical value and can be highly volatile, urging users to trade cautiously.