[CASHCAT Market Cap Briefly Surpasses $98 Million, Up Over 11x in 24 Hours] BlockBeats news, July 8, according to GMGN market data, the Robinhood chain Meme coin CASHCAT continued its surge, briefly surpassing a market cap of $98 million before falling back to $92.47 million. It has risen over 11x in the past 24 hours. The early mascot of the Robinhood stock trading app was CASHCAT, 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 coins often lack intrinsic value and are subject to significant price volatility; trade cautiously.