Summary
- An investor in meme coins purchased $85 of CashCat on Robinhood Chain in June, which has now surged to over $2 million in value.
- The individual has made roughly $585,000 in profits while still holding $1.6 million worth of CashCat.
- CashCat's market capitalization has skyrocketed past $130 million, increasing by over 1,230% in just 24 hours.
A savvy meme coin investor has turned a modest $85 into a remarkable fortune by purchasing CashCat on Robinhood Chain, the new Ethereum layer-2 network created by the brokerage and crypto platform Robinhood.
A user with an Ethereum address starting with "0xeEE2" acquired 0.05 ETH, equivalent to around $85, for CashCat on June 18, just weeks prior to the official announcement of the network's mainnet launch. This initial investment translated to approximately 17.4 million CashCat tokens.
In a remarkable turn of events, the value of this investment has surged to over $2.3 million, as the token's market cap reached more than $138 million at the time of writing, valuing each CashCat token at about $0.138.
This trader turned $85 into $2M+
0xeEE2 bought $CASHCAT on Robinhood Chain within 30 mins of launch
He’s now up 27,000x pic.twitter.com/w9K51J5BTj
— Bubblemaps (@bubblemaps) July 8, 2026
This peak valuation is a decline from CashCat's all-time high, when its market cap exceeded $142 million, at which point the trader's holdings would have been valued at nearly $2.5 million, reflecting almost a 3 million percent increase from the original investment.
As CashCat's price surged, the owner of the "0xeEE2" wallet has gradually sold off portions of their holdings, offloading about 4 million CashCat tokens to secure profits of $585,000, as reported by the on-chain analytics platform DEXScreener. Currently, the trader retains 12.3 million CashCat tokens, valued at approximately $1.6 million.
The rapid rise of this new meme coin coincides with a significant decline in the popularity of another trending token, "The Black Bull," known as ANSEM, which is associated with the well-known crypto figure Ansem.
solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump updates:
adding $SOL liquidity from creator fees to LP so easier for price to absorb sells from early buyers & deeper liquidity for new whales to buy
will prioritize airdropping $SOL to best bagworkers on socials so there's…
— Ansem 🐂🀄️ (@blknoiz06) July 6, 2026
This token has experienced an astonishing increase of over 190,000% in just 13 days, yet it has also dropped more than 37% from its peak of approximately $0.44, now trading at $0.26 with a market cap around $260 million, as traders flock to the new liquidity opportunities on Robinhood Chain.
Trading activity on Robinhood Chain has been notably influenced by Robinhood CEO Vlad Tenev, who recently stated on X: “While we’re building Robinhood Chain to be the best chain for [real-world assets]... it works great for memes too.”
While we’re building robinhood chain to be the best chain for RWA … it works great for memes too
— Vlad Tenev (@vladtenev) July 8, 2026