Cash Cat (CASHCAT), a memecoin (cryptocurrency themed around internet culture), gained more than 29% in 24 hours to reach a new peak of $0.30. It is the second-largest token by market capitalization on Robinhood Chain, behind PONS, with a market cap of $287 million. The rally has unfolded amid heavy activity in Robinhood Chain’s memecoin market: PONS, CASHCAT and AI each have market caps above $280 million and are each worth more than eight times that of fourth-ranked STONKBROKER. CASHCAT has also surpassed other cat-themed tokens, including BASECAT at $25 million and POPCAT at $49 million. Short liquidations added to the move, with more than $377,000 erased in under an hour and total liquidations exceeding $611,000 during the day. Technically, CASHCAT broke above a prior high of $0.2592 after consolidating between $0.17 and that level for a week. The $0.217-$0.225 area is the next demand zone identified by the 20-day and 50-day moving averages, while $0.17 and potentially $0.16 are key downside levels. A sustained move above the broken high could support another record, while a loss of $0.17 could turn the market structure bearish.