The cryptocurrency house continuously sees the creation of recent hype-driven belongings that deliver immense pleasure to a handful of early adopters, or, generally, insiders.
The newest such sensation was CASHCAT – a extremely speculative, community-driven meme coin constructed on the Robinhood Chain, the Ethereum Layer 2 community. It references an early piece of firm lore, and present information from CoinGecko exhibits that it has exploded by over 3,200% prior to now week.
Its market capitalization briefly tapped $200 million earlier after this spectacular rally, which led to the newest fascinating tales locally.
Lookonchain reported each. We are going to begin with the profitable one to maintain up with the general constructive tone of this text. In it, somebody spent solely $838 value of ETH to purchase greater than 15 million CASHCAT tokens earlier than promoting the whole stash for 580 ETH. They managed to lock in a revenue of over $1 million.
Nevertheless, the participant, who could be Brian Jung, in line with a few of his posts, didn’t profit from the CASHCAT funding, as just a few extra days of diamond arms would have yielded an much more spectacular revenue of $2.9 million.
The second story can be profitable, because it didn’t lose cash, however the ‘what if’ query is a painful one right here. One other consumer bought 20 million meme tokens for $711. Though that’s nonetheless a 10x return from the preliminary $69 funding, Lookonchain famous that if that they had held for just some extra days, they’d have been in a position to retire.
It is because CASHCAT exploded within the following hours and the preliminary funding of $69 would have rocketed to over $2.7 million. However, realized revenue remains to be revenue, so let’s not really feel too sorry for that investor.
This man bought 20M $CASHCAT too early for simply $711, lacking out on a $2.7M+ revenue.
He spent 0.04 $ETH ($69) to purchase 20M $CASHCAT, then bought it for 0.415 $ETH($711), making a 10x return.
If he had held till in the present day, he might have retired.https://t.co/ujTWQSKCzb pic.twitter.com/DLl2iSpXJ7
— Lookonchain (@lookonchain) July 10, 2026
The submit CASHCAT Tales: From In a single day Millionaires to Missed Fortunes appeared first on CryptoPotato.