Defi
CASHCAT Falls 75% from Peak After Hyperliquid Perp Listing
The Defiant·July 17, 2026·1 min read
CASHCAT, a Robinhood Chain memecoin, fell 75% from its peak after being listed on Hyperliquid perpetuals. The slide erased most of a 4,000% run, even as its spot price held through a 60% perp wick that liquidated leveraged traders. The listing triggered a sharp decline, impacting leveraged positions.
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