A pseudonymous trader known as @3i claims a group made more than $6 million by buying the CASHCAT and PONS memecoins before they were listed on Robinhood Chain. According to the trader, the edge came from a public code change at BitGo and onchain activity by Wintermute, whose analysis pointed to the upcoming listings. The Block verified several public records and parts of the timeline but could not confirm the reported profits. CASHCAT quickly reached a market capitalization above $100 million, while Robinhood Chain, an Arbitrum Orbit chain, has captured most of its initial trading volume through memecoins.
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