Cash Cat (CASHCAT) briefly surpassed $0.31 on MEXC perpetual futures, setting an all-time high near $0.315 after rising almost continuously from below $0.05 in early August. Its valuation reached $314 million before slipping to $276 million, keeping the token in the $300 million range. The move forms part of a broader speculative rally in Robinhood-linked meme tokens that includes Index, MOS, Basecat, HYPE and Plumber, while PONS remains one of the market's best-known names. PONS was recently valued above $700 million, compared with about $58 million for Basecat and $75 million for Index. CASHCAT later dropped toward $0.25, a roughly 15% daily decline at the time of the chart. Despite the correction, it remains well above its major moving averages. The longer available moving average is about $0.123 and the 20-day EMA (exponential moving average) is near $0.186, highlighting the speed of the advance. Its RSI (relative strength index) has eased to about 62 after repeatedly nearing overbought territory. The immediate technical question is whether the $0.23-$0.25 area holds. Stabilization there could leave room for another move toward $0.30 and the recent $0.315 high, while a breakdown would make a deeper retracement toward $0.19-$0.20 more likely. The correction underscores how quickly momentum can reverse after a sharp expansion.