Decrypt reported that an anonymous Ethereum address (starting with 0xeEE2) turned $85 into $2.3 million by investing in the Robinhood Chain-based memecoin CASHCAT. The address purchased approximately 17.4 million CASHCAT for 0.05 ETH (about $85) on June 18 (local time), several weeks before the Robinhood Chain mainnet was launched. After the Robinhood Chain launch, CASHCAT emerged as the representative memecoin of its ecosystem, and the current value of 17.4 million CASHCAT has grown to over $2.3 million. This represents an approximate return of 3,000,000% compared to the initial investment. Meanwhile, the investor reportedly cashed out $585,000 by selling 4 million CASHCAT during the price increase and currently holds approximately 12.3 million CASHCAT (about $1.6 million). According to CoinMarketCap, CASHCAT is currently trading at $0.1346, with a market capitalization of approximately $134.6 million.
