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

Two Trades, One Very Good Week

Onchain trackers found address ‘0x7e3ba’ to have posted back-to-back wins on two different Robinhood Chain tokens:

• The first trade was straightforward: $106.5K into 11.8 million $CASHCAT, sold in full for $672.6K, for a $566K profit.
• The second is still playing out: The wallet spent $113.7K on 10.2 million tokens of $PONS, has already sold 1.1 million of them for $117.1K, and is still sitting on 9.1 million tokens worth roughly $4.2 million at current prices.

Combined, the two trades put the wallet’s total profit north of $4.7 million, most of it still unrealized. It’s the kind of onchain story that spreads fast precisely because the numbers are so lopsided.

The Robinhood Chain Gold Rush

Both tokens trace back to the same launchpad, i.e. Robinhood Chain, an Ethereum layer-2 network built on Arbitrum’s technology. Since its July launch, it has become the venue for some of the year’s most violent memecoin moves. $CASHCAT was the first breakout and as <a href="https://xpertsstudio.com/japan-rate-shock-is-hitting-markets-how-will-bitcoin-react/” title=”Japan Rate Shock Is Hitting Markets. How Will Bitcoin React?”>Bitcoin.com News covered, the token jumped more than 1,400% in a single 24-hour stretch the same month (and over 5,500% across a week).

$PONS followed a similar arc more recently. As the platform token behind Pons, a token-creation and issuance service built on Robinhood Chain, $PONS collects fees in WETH that get used to repurchase and burn its own supply. On August 30 alone, Pons generated more than $930,000 in application revenue, roughly 35% of everything Robinhood Chain’s entire ecosystem earned that day.

The Catch Is Thin Liquidity

When Bitcoin.com News profiled $CASHCAT’s rise in July, the token carried a $150 million market valuation on just $6.6 million of actual liquidity, a gap which, if faced with a wave of coordinated selling could collapse price levels far below what any single holder’s paper gains suggest

In any case, Robinhood Chain’s meme economy shows no sign of slowing down, and wallets like this one are exactly what keeps new money chasing the next token. Whether this particular holder cashes out the rest of the $PONS position at these levels or rides it further will likely depend on how long the token keeps generating the fee revenue propping up its demand.

Source: cryptonews.net