According to analysts at Lookonchain, the trader bought around 15 million CASHCAT tokens for just $838 about 20 days ago. After the token's price surged, they sold most of their holdings for nearly $918K while still holding part of the position. In total, the trade generated more than $1.05M in profit, delivering a 1,253x return.
CASHCAT has emerged as one of the biggest winners of the recent memecoin rally on Robinhood Chain. The launch of Robinhood's new L2 blockchain, which focuses on on-chain finance and memecoins, attracted a wave of attention and fresh capital.
Community Reaction: From Admiration to Insider Trading Allegations
The trade quickly went viral but, as is often the case with stories like this, sparked mixed reactions across social media.
Some users have praised the trader as a legend with diamond hands, saying stories like this showcase the potential of getting into memecoins early and inspire other traders.
However, most comments have been far more skeptical, with many suggesting the trade may have involved insider information or that the wallet is linked to the project's team. Others pointed to the unusually precise timing of the purchase just before the rally began, as well as the sharp price surge following a long period of inactivity.
Some users have also suggested the possibility of coordinated trading and market manipulation.