Robinhood

Cash

Cash Cat

<h2 id="a-memecoin-with-robinhood-s-origin-story">A Memecoin With Robinhood's Origin Story</h2>
<p>Cash Cat (<a href="https://x.com/cashcat_token" rel="noopener noreferrer nofollow">@cashcat_token</a>) surged more than 65% in the past 24 hours and has roughly doubled over the last seven days, according to CoinGecko. The token's market capitalization has climbed to nearly $72 million, though it remains about 67% below its all-time high despite the recent rebound.</p>
<p>The catalyst, according to independent social media posts, was a reference to the token by Robinhood CEO Vlad Tenev during a livestream. BSC News has not independently verified that claim. What is documented, however, is context that gives the token an unusually direct connection to Robinhood's corporate history.</p>
<p><cite>CASHCAT traces back to the company's own lore: Tenev and co-founder Baiju Bhatt originally called their company CashCat before settling on the Robinhood name.</cite><cite>The token launched as a fan-made tribute, not an official Robinhood project.</cite></p>
<h2 id="tenev-s-on-record-position-and-what-followed">Tenev's On-Record Position and What Followed</h2>
<p><cite>Robinhood Chain launched its public mainnet on July 1, 2026, as an Ethereum Layer 2 built on Arbitrum technology.</cite> The chain was pitched primarily as infrastructure for tokenized real-world assets. <cite>On July 2, Tenev told CNBC that "an asset not tied to an underlying utility is not a productive asset," framing real-world assets as the durable direction.</cite></p>
<p><cite>Six days later, as CASHCAT climbed toward a nine-figure market cap on his own chain, Tenev posted that "while the company is building Robinhood Chain to be the best chain for real-world assets, it works great for memes too," and followed the token's account.</cite><cite>The project has no official affiliation with Robinhood, based on market reports.</cite></p>
<p><cite>CASHCAT reached an all-time high of $0.2252 on July 12, 2026, before a steep correction of roughly 77%. The token briefly surpassed a $200 million market cap in mid-July but has since traded in a much lower range.</cite> The latest move higher represents a partial recovery, with market cap back near $72 million per CoinGecko data cited in the original report. Traders should note that memecoins of this type carry significant volatility risk and the token's contract remains unverified.</p>
<p><strong>Sources</strong><br><a href="https://cryptobriefing.com/robinhood-ceo-embraces-memecoins-cashcat-chain/" rel="noopener noreferrer nofollow">Crypto Briefing: Robinhood CEO does an about-face on memecoins after CASHCAT goes parabolic</a><br><a href="https://fortune.com/crypto/2026/07/13/robinhood-chain-memecoin-trading-cash-cat-vlad-tenev-crypto/" rel="noopener noreferrer nofollow">Fortune: Memecoin traders flock to Robinhood blockchain as demand rockets for a $150 million cat-themed token</a><br><a href="https://www.coingecko.com/en/coins/cash-cat" rel="noopener noreferrer nofollow">CoinGecko: Cash Cat (CASHCAT) live price and market data</a></p>

Cashcat Soars After Reported Vlad Tenev Shoutout

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