Key Highlights
- CASHCAT has fallen over 40% since reaching its all-time high shortly after launch.
- An Arkham-tracked trader reportedly earned around $140,000 from short positions, plus $10,000 in funding fees.
- The token traded near $0.1324, down 28.98% in 24 hours, amid sustained selling pressure.
Cash Cat (CASHCAT), the feline-themed cryptocurrency recently listed on the decentralized perpetuals exchange Hyperliquid, has fallen nearly 41% from its all-time high just days after trading began on July 11. During the decline, an on-chain trader reportedly generated about $140,000 in profit by shorting the token, according to blockchain analytics platform Arkham.
In an X post on Wednesday, the platform said a wallet labeled “StablesCraftworth” (associated with address 0xa31 and tagged L/S $20M) is managing a portfolio currently valued near $5.01 million. Despite the label suggesting a larger $10M-scale operation, recent performance metrics highlight clear gains from short positioning.
The trader is reportedly up approximately $140,000 since initiating shorts near CASHCAT’s local top, supplemented by an additional $10,000 in funding fees collected, common in perpetual futures markets where shorts benefit from positive funding rates during bearish sentiment.
Portfolio holdings show heavy exposure to stables like USDC (5 million held), alongside smaller positions in tokens such as SENA, DRV, USUALX, USUAL, BNB, and ETH. Recent transaction history on Arkham further illustrates active management.
Multiple transfers over the past several days show inflows and outflows involving tens of millions in USDC and USDT equivalents. Notable movements include 35K USDC transfers to entities like BeaconProxy, millions routed through Binance hot wallets, and interactions with MEV bots and arbitrage addresses.
What CASHCAT price action shows
As of the latest data from CoinMarketCap, the token trades around $0.1324, reflecting a steep 28.98% drop in the past 24 hours and ongoing pressure in the broader chart. The 24-hour price chart shows sustained selling pressure.
Starting near $0.1932, CASHCAT rapidly declined with volatile swings before finding temporary support near $0.12 levels. A red-tinted descending trajectory dominates the recent session, with the token closing the period near its lower bounds.
Liquidity remains active despite the decline
CASHCAT’s market capitalization currently stands at approximately $132.45 million, mirroring the percentage decline. Trading volume reached $79.56 million in 24 hours, with the volume-to-market-cap ratio exceeding 59%, indicating heightened activity amid the sell-off.
CASHCAT hit an all-time high of $0.2252 on July 12, 2026, just days ago, before reversing sharply. It has since lost over 40% from that peak. The all-time low remains far below at around $0.00008 from early July, underscoring extreme volatility typical of meme-inspired tokens.
Circulating and total supply both sit at 1 billion tokens, with roughly 4,500 holders tracked. Liquidity metrics appear relatively healthy at 7.77% of market cap, though the profile score hovers at a modest 44%.
CASHCAT perpetual futures suffer 60% flash crash
Just one day after trading began, on July 13, 2026, CASHCAT perpetual futures on Hyperliquid experienced a sharp sell-off. The contract dropped more than 60% in a matter of minutes, plunging from above $0.190 to roughly $0.080 before a sharp recovery.
As CASHCAT continues to trade with significant intraday swings, market watchers will monitor whether support holds or if further downside awaits. The token’s performance also serves as a reminder of the importance of liquidity, community strength, and external market sentiment in sustaining post-listing momentum.
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