[CASHCAT Surges Past $70 Million, Up Over 718% in 24 Hours] BlockBeats reports that on July 8, according to GMGN monitoring, the market cap of the Robinhood on-chain meme token CASHCAT has continued to rise, surpassing $70 million, with a 24-hour increase of over 718%. Robinhood's early mascot on its U.S. stock app was CASHCAT, which was later renamed Robinhood. On July 1 this year, Robinhood launched its own Layer 2 blockchain, Robinhood Chain, focusing on on-chain finance and RWA. BlockBeats reminds users that meme tokens often lack intrinsic value and are highly volatile, so trading should be approached with caution.