Trader turns $800 into $1M on Robinhood's new blockchain via memecoin

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A trader reportedly converted $800 into over $1 million using a memecoin called CASHCAT on Robinhood's newly launched blockchain. Robinhood's blockchain went live on July 1, designed to bring stock trading onchain. CASHCAT is named after a mascot that Robinhood previously retired. The token has become the first major breakout asset on the new chain, drawing significant attention from speculative traders.

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