Cash Cat Surges 29% to New High of $0.30 as Short Liquidations Reach $611K

Cash Cat [$CASHCAT] is leading the memecoin sector with daily gains of more than 29%, pushing the token to a new peak of $0.30. The coin now ranks second by market cap on the Robinhood Chain, behind $PONS.

$CASHCAT is an unofficial cat meme named after Robinhood's discarded CashCat brand. The token's continued run to new highs raises the question of what is driving the move.

Robinhood's memecoin gold rush — $CASHCAT leads

The rally is being fueled by a memecoin gold rush on the Robinhood Chain, which has sparked heavy trading activity. The burst of speculation comes amid a broader wave of app-chain token launches, where brand-adjacent memes have repeatedly attracted rapid, hype-driven flows — a pattern familiar from earlier memecoin cycles on Solana and Base.

The frenzy is visible in the numbers: the top three coins on the Robinhood DEX — $PONS, $CASHCAT, and AI — each have market caps exceeding $280 million. All three outweigh the fourth-ranked coin, STONKBROKER, by more than 8x.

Cash Cat is also drawing liquidity away from other cat-themed memecoins on other chains. BASECAT, for example, has a market cap of only $25 million, making the Base Chain meme more than ten times smaller than $CASHCAT's $287 million. $CASHCAT has additionally outpaced established cat memes such as POPCAT, whose market cap stands at $49 million.

Beyond the hype surrounding Robinhood, short liquidations over the past 24 hours have amplified the gains. More than $377K in short orders was wiped out in under an hour. In total, over $611K in short positions had been liquidated, with a few hours still remaining in the day. Liquidations of this kind can mechanically accelerate price moves, as forced buybacks to cover shorts add further upward pressure. As the memecoin extended its weekly gains past 40%, bulls appeared steady.

Can bulls hold $CASHCAT above the previous peak?

On a 4-hour chart, the price shows a clear uptrend pattern. The new peak came after a week of consolidation between $0.17 and the previous high of $0.2592. Consolidation around highs with sufficient momentum often points toward continuation. $CASHCAT is now testing the broken high; if bulls keep the price above this level, another new high could form. A breakdown, however, could trigger a larger correction.

The coin's next demand zone sits at $0.217–$0.225, defined by the MA Cross indicator for the 20-day and 50-day moving averages. That said, the trendline and horizontal support at $0.17 may prove more resilient than the MA-based levels. The price could fall into these zones, but a loss of $0.17 would shift the market structure to bearish.

Notably, during the two most recent sessions in which candles closed red, the Bull Bear Power (BBP) bars remained green — a reading that reinforced the view that bulls were still present.

Final Summary

$CASHCAT rallied 29% in 24 hours, setting a new all-time high amid a spike in trading activity on the Robinhood Chain. Bulls retained control of the coin's strength, with $0.16 marking the last line of defense against bearish pressure. As with all memecoins, moves of this magnitude cut both ways: the same leverage and sentiment that fuel rallies can deepen drawdowns when momentum fades.