CASHCAT, the memecoin linked to the Robinhood chain, has rallied 18% with market data suggesting this bullish trend could continue. Open interest reached a new all-time high of $34.92 million, while the funding rate remains elevated at 0.0680%, signaling strong bullish conviction among traders. Over the last 24 hours, traders sold $268,000 worth of CASHCAT, with net flows showing a cumulative outflow of $1.36 million over ten days, without indicating market overheating. The Robinhood chain saw its TVL reach a new record of $508 million, fueling capital inflows toward assets with high return potential like CASHCAT. Short position liquidations reached $145,000 compared to just $1,200 for longs, suggesting operators continue favoring the buying side.
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