The fact that CASHCAT's CTO leader moved to @Enter_Elysium to set up a launchpad isn't necessarily bad news for Robinhood Chain, for the following reasons: 1. CASHCAT was among the first to take the lead, but launchpads like @ponsdotfamily and @longdotxyz subsequently emerged, with PONS AI becoming the true leader. 2. After listing, CASHCAT's stock performance has become less dependent on its original team. 3. @spinor_'s launchpad at RB has already failed. 4. Robinhood Chain has already bottomed out.