CashCat Meme Coin Hits Robinhood Chain: Bitcoin, XRP Rally

A new meme coin called CashCat has pushed trading volume on Robinhood Chain to a record $560 million in a single day, according to data tracked by Dune, as the week-old blockchain gets its first real stress test. The frenzy landed alongside two other major stories this morning: Hyperliquid’s HYPE token joined the Bitwise 10 Crypto Index ETF next to Bitcoin and XRP, and a Bitcoin wallet dormant since the Satoshi era moved 40 BTC for the first time in nearly 16 years.

CashCat Meme Coin Ignites $560 Million Robinhood Chain Frenzy

Robinhood Chain launched just a week ago as a blockchain built for real-world assets, but it took the network’s newest meme coin, CashCat, to give it a real proof-of-life moment. Daily trading volume across decentralized exchanges on the chain hit $560 million, according to CashCat meme coin Robinhood Chain data tracked by Dune. In a single 24-hour window, users minted almost 16,000 new tokens on the network, and the number of active wallets jumped to roughly 200,000, the vast majority logging their first-ever transaction on the chain.

The spark came from an unlikely source: Robinhood CEO Vlad Tenev himself. Tenev posted on X that although the chain was built as ‘the best network for serious assets (RWA),’ it ‘works great for meme coins too.’ That single line was apparently all the market needed to hear.

Although we built Robinhood Chain as the best network for serious assets (RWA)… it works great for meme coins too.

Why Did CashCat’s Price Explode Overnight?

Thin liquidity turned a small buy into a $140 million market cap

CashCat’s price exploded because early buyers piled in fast and thin liquidity did the rest. The token’s market capitalization broke above $140 million at its peak, according to Cash Cat token $140 million market cap peak tracking data, after gaining more than 1,000% in a single day. By morning, the price had settled around $0.083.

The gains minted overnight millionaires. Blockchain analytics firm Lookonchain flagged one trader who bought a batch of CashCat 20 days earlier for just $838, then cashed out $917,600 in profit during the peak of the hype while still holding six figures worth of tokens on paper.

But the fine print matters here. CashCat’s total liquidity pool sits at only $2.6 million, meaning only a handful of early traders could realistically pull real money out before the well runs dry. That’s not a footnote. That’s the entire risk profile of this trade in one sentence. Social media hype only made things messier, claims that Uniswap founder Hayden Adams was buying in, or that Robinhood’s CFO had adopted the token as a personal endorsement, both turned out to be false. The CFO’s cat-themed profile picture, it turns out, predates CashCat entirely.

Bitwise 10 Crypto Index Adds Hyperliquid, Drops Polkadot and Avalanche

Bitwise gave its flagship index fund a serious shake-up this week. The Bitwise 10 Crypto Index ETF (BITW) removed Polkadot (DOT) and Avalanche (AVAX) entirely, replacing them with Stellar (XLM) and, more notably, Hyperliquid’s HYPE token, according to Bitwise 10 Crypto Index Hyperliquid addition rebalance notes published by the firm. HYPE now holds a roughly 0.95% weighting and trades in the same basket as Bitcoin, Ethereum, and XRP.

The swap says a lot about where institutional money is heading. Instead of betting on blockchains that promise future utility, index managers are rewarding platforms already generating real revenue. Hyperliquid posted $1.34 trillion in trading volume and $320 million in net revenue in the first half of 2026 alone, and its HYPE token has climbed 165% since January. The platform’s HIP-3 upgrade also routes 99% of trading fees toward token buybacks and burns, a mechanism large investors have started comparing to a traditional stock buyback.

$78.74 was BITW’s peak price back in September 2025. The fund has been sliding ever since, falling to $44.92 by April and now trading around $41.01, so the index badly needed a refresh. Its bid-ask spread on NYSE Arca has stayed inside 0.2%, so at least liquidity hasn’t been the problem. Bitwise had already launched a standalone spot ETF tied to Hyperliquid back in May, beating both Grayscale and VanEck to market, this index addition just makes HYPE’s blue-chip status official.

Satoshi-Era Bitcoin Whale Moves 40 BTC After 16 Years

A wallet that had sat untouched since August 3, 2010, woke up a few hours ago, moving 40 BTC worth about $2.54 million in block 957220, according to Satoshi-era Bitcoin whale wakes up after 16 years on-chain data. That date puts the coins firmly in the deep Satoshi era, the stretch when Bitcoin’s creator was still active online and ordinary home computers could mine blocks.

The math on this wallet is almost absurd. Bitcoin traded for fractions of a cent in 2010, so analysts peg the position’s original cost basis at roughly $0. Nearly 16 years later, the unrealized profit on that stash comes out to +105,742,020%. The owner paid just 2,210 satoshis in network fees, about 10 sat/vB, to move millions of dollars in value.

Galaxy Digital’s head of research, Alex Thorn, summed up the reaction on X in one line. On-chain records also show the wallet had previously received a so-called dusting attack, tagged Salomon Client Dusted, in which tiny transactions get sent to an address in an attempt to unmask its owner. Movement doesn’t automatically mean a sale, either. Old whales typically wake up to migrate funds from legacy address formats into newer, better-protected wallets, not to dump on an exchange order book.

‘Lost coins’ are more myth than you think.

What Does This Mean for Crypto Investors?

Three different stories, one shared theme: money is moving fast toward whatever looks alive right now. CashCat gave Robinhood Chain its first taste of real activity, though whether that activity sticks around once the multiples stop is a separate question entirely. Bitwise, meanwhile, is telling institutional clients that revenue-generating platforms like Hyperliquid deserve blue-chip status next to Bitcoin and XRP. And the Satoshi-era whale is a reminder that lost Bitcoin might be far rarer than the market assumes. Every dormant wallet is a live variable, not a dead one.

Robinhood Chain proved it can generate real heat in a single day. Whether that heat turns into lasting usage, once the cat stops multiplying, is the only question that actually matters here.

For Bitcoin specifically, buyers have defended a key historical support zone even after 10 straight days of spot ETF outflows. Where that structure goes next depends on a short list of catalysts:

• U.S. CPI and PPI inflation reports due this week
• The Federal Reserve’s upcoming policy meeting
• Whether Bitcoin holds support toward $100,000 or breaks down toward $54,000

This article is for informational purposes only and does not constitute investment advice. Every investment and trading decision involves risk. Readers should conduct their own research before making any financial decisions.