Trader turns $800 into over $1 million on CASHCAT memecoin on Robinhood's new blockchain

Robinhood's blockchain launched on 1 July, allowing stocks to be traded on-chain for the first time on the platform. Its first breakout hit is a memecoin called CASHCAT, named after a mascot the company abandoned, which turned one trader's $800 investment into over $1 million. It is the first high-profile speculative windfall on the new brokerage blockchain.