Pump.fun Adds Trading for Robinhood Chain Tokens as CASHCAT Meme Coin Frenzy Builds

Pump.fun said Wednesday it added support for trading tokens tied to Robinhood's blockchain, a move that comes as a memecoin modeled on the brokerage's old mascot has posted quadruple-digit percentage gains on the week-old network.

"Robinhood tokens are now available to trade on the Pumpfun app!" the Solana-based launchpad wrote on X, citing "no bridging," trading "seamlessly in SOL," and the ability to "trade every trending Robinhood token."

Pump.fun co-founder Alon Cohen, who posts as @a1lon9, followed up 11 minutes later, framing the addition as an extension of the app's existing multichain trading tool rather than a standalone feature.

“It's only right that the leading app in trading edge supports everything that traders want to speculate on," he wrote. “The pump fun app is not just for pump fun coins; it covers all of your crosschain trading. trade Robinhood tokens now. 0% fees on Solana."

Existing Multichain Tool

The addition builds on a feature Pump.fun rolled out on May 26, when it began letting users trade Ethereum, Base and BNB Chain tokens from inside its app using a single Solana wallet. Under that system, Pump.fun sponsors gas fees and auto-generates wallets for each supported network, so users never need to hold a chain's native gas token or manually bridge assets to trade there.

Robinhood Chain, an Arbitrum-based Layer 2 that Robinhood took to public mainnet on July 1, is the newest network folded into that setup.

CASHCAT Memecoin

The token drawing the most attention on Robinhood Chain this week is CASHCAT, which references "Cash Cat," an early mascot from Robinhood's history as a stock-trading app. According to onchain data highlighted by the analytics account Lookonchain, the token climbed roughly 700% to 950% in 24 hours on July 8, pushing its market capitalization from the low millions into a range of $68 million to $100 million.

One trader, holding a wallet ending in 0xDE4C, turned an $838 purchase made about 20 days earlier into just over $1 million after selling most of the position, a roughly 1,253-fold return, Lookonchain said.

CASHCAT trades against Robinhood Chain's Uniswap V3 deployment, according to the same reporting. A reply beneath Pump.fun's own announcement post on X, from a user thanking the platform for letting them "trade cash cat last night," suggests some CASHCAT volume was already routing through Pump.fun before Wednesday's post.

Tenev's About-Face

Robinhood CEO Vlad Tenev added to the attention around Robinhood Chain's meme activity in a post on X late Tuesday: "While we're building robinhood chain to be the best chain for RWA … it works great for memes too."

The comment came less than a week after Tenev told CNBC on July 2, in an interview tied to Robinhood's mainnet launch, that memecoins were largely a dead end because assets without utility don't serve a lasting purpose, and that he saw tokenized real-world assets as the more durable direction for crypto.

Robinhood switched on the public mainnet of Robinhood Chain on July 1 during a London keynote called "Robinhood Presents: The World Is Flat." The company describes the network as a permissionless Layer 2 built for tokenized real-world assets, with day-one integrations from Uniswap, Chainlink, Alchemy and BitGo.

Alongside the mainnet, Robinhood launched Stock Tokens — tokenized debt securities issued by Robinhood Assets (Jersey) Limited that track the price of US equities and ETFs without conferring shareholder rights — inside the Robinhood Wallet in more than 120 countries. The product is not available to US persons.

RWA Chain, Meme Playground

Data from DefiLlama shows the split between Robinhood Chain's stated purpose and its early usage. Total value locked on the network reached $107.8 million, up more than 160% in a single day, while the chain's stablecoin market cap stood at $246.8 million, most of it USDG. Active real-world-asset market cap on the chain — the category that includes Stock Tokens — was just $12.5 million by comparison.

Pump.fun itself continues to generate substantial revenue from its Solana-native business. The platform brought in $826,330 in revenue over the 24 hours before publication and has generated more than $1 billion cumulatively since launching, according to DefiLlama. Its PUMP token traded around $0.0014 on CoinGecko, down about 7.7% over the past week and roughly 84% below its September 2025 all-time high.