Robinhood's blockchain went live on July 1 to move stocks onchain. Its first breakout hit is a memecoin named after the mascot the company abandoned. A cat-themed memecoin called CASHCAT has become the first breakout hit on Robinhood’s new Arbitrum-based blockchain, soaring to a market value of about $105 million. Early buyers have turned tiny stakes into seven-figure windfalls, with the five most profitable wallets realizing roughly $3.7 million in gains, even as thousands of later trader…
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