How CASHCAT and PONS Turned $220K Into $4.7M on Robinhood Chain

Two Trades, One Very Good Week

Onchain trackers recovered code ‘0x7e3ba’ to person posted back-to-back wins connected 2 antithetic Robinhood Chain tokens:

• The archetypal commercialized was straightforward: $106.5K into 11.8 cardinal CASHCAT, sold successful afloat for $672.6K, for a $566K profit.
• The 2nd is inactive playing out: The wallet spent $113.7K connected 10.2 cardinal tokens of PONS, has already sold 1.1 cardinal of them for $117.1K, and is inactive sitting connected 9.1 cardinal tokens worthy astir $4.2 cardinal astatine existent prices.

Combined, the 2 trades enactment the wallet’s full nett northbound of $4.7 million, astir of it inactive unrealized. It’s the benignant of onchain communicative that spreads accelerated precisely due to the fact that the numbers are truthful lopsided.

The Robinhood Chain Gold Rush

Both tokens hint backmost to the aforesaid launchpad, i.e. Robinhood Chain, an Ethereum layer-2 web built connected Arbitrum’s technology. Since its July launch, it has go the venue for immoderate of the year’s astir convulsive memecoin moves. CASHCAT was the archetypal breakout and arsenic Bitcoin.com News covered, the token jumped much than 1,400% successful a azygous 24-hour agelong the aforesaid period (and implicit 5,500% crossed a week).

PONS followed a akin arc much recently. As the level token down Pons, a token-creation and issuance work built connected Robinhood Chain, PONS collects fees successful WETH that get utilized to repurchase and pain its ain supply. On August 30 alone, Pons generated much than $930,000 successful exertion revenue, astir 35% of everything Robinhood Chain’s full ecosystem earned that day.

The Catch Is Thin Liquidity

When Bitcoin.com News profiled CASHCAT’s emergence successful July, the token carried a $150 cardinal marketplace valuation connected conscionable $6.6 cardinal of existent liquidity, a spread which, if faced with a question of coordinated selling could illness terms levels acold beneath what immoderate azygous holder’s insubstantial gains suggest

In immoderate case, Robinhood Chain’s meme system shows nary motion of slowing down, and wallets similar this 1 are precisely what keeps caller wealth chasing the adjacent token. Whether this peculiar holder cashes retired the remainder of the PONS presumption astatine these levels oregon rides it further volition apt beryllium connected however agelong the token keeps generating the interest gross propping up its demand.