Trader sold 20M CASHCAT for $711, missed $2.7M
A trader who paid about $69 for 20 million CASHCAT sold them for $711 weeks before the meme token surged on Robinhood Chain to a peak value near $2.7 million.
A trader bought 20 million CASHCAT for 0.04 ETH (about $69) and later sold the holding for 0.415 ETH (roughly $711), according to on-chain analytics firm Lookonchain. The sale occurred weeks before a later price surge that made the same 20 million tokens worth about $2.7 million at their peak.
Lookonchain reported the purchase and sale on the blockchain and noted the timing relative to the token’s later rally. The initial trade produced a nominal return of roughly 10 times the trader’s outlay, measured in ETH and dollar equivalents at the time of each transaction.
CASHCAT gained traction on Robinhood Chain, the Ethereum layer-2 network launched by the brokerage on July 1. On-chain data show the token rose more than 1,400% in a single 24-hour period and climbed over 5,500% across seven days, reaching an all-time high near $0.147 on July 8. Decentralized exchange activity on the chain hit a peak day of about $563 million in volume, with CASHCAT accounting for roughly $98 million of that trading and drawing more unique traders than any other token on the network.
On-chain records show additional large payouts to early holders. One wallet that held 15 million CASHCAT turned an initial stake of about $838 into roughly $1.05 million after about three weeks. Another wallet reportedly converted an $85 purchase into about $2 million in proceeds.
Order-book data for CASHCAT’s main liquidity pool showed roughly $6.6 million in available liquidity while the token’s market value was in the low hundreds of millions, near $105 million by one measure. That difference affects how much of the token’s paper value can be converted at prevailing prices if many holders try to sell at once; price levels would shift before large positions could be fully liquidated at peak quotes.
Lookonchain flagged the wallet that sold the 20 million tokens before the rally and pointed to the liquidity figures when reporting the trades. The analytics firm also noted the rapid on-chain activity and the concentration of trading volume in a short time frame following the chain’s launch.
Robinhood Chain recorded roughly 193,000 active addresses within days of its launch. On-chain data recorded the sequence of large trades, the token’s rapid price moves, and the size of liquidity pools that underpinned trading during the period described.
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