CASHCAT Market Cap Surges 126% to $190M on Hyperliquid Liquidations

Hyperliquid cascading short liquidations drove CASHCAT market cap to $190M peak, with $2.25M in forced buys triggering a 72% one-minute price spike before sentiment reversed.

Woofun AI data shows that Robinhood Chain meme token CASHCAT experienced an extreme short squeeze, with its price jumping 72% from $0.10958 to $0.18853 within one minute. This volatility pushed the instantaneous market capitalization to approximately $190 million, up from a morning low of $0.0846.

The surge was driven by cascading liquidations on Hyperliquid, where 15.334 million tokens were forcibly sold from five addresses over two minutes, resulting in total losses of $1.273 million. The backup liquidation mechanism absorbed 57.5% of the volume due to order book constraints, forcing short sellers to buy back and amplifying the price increase. Following the peak, CASHCAT retraced 35.7% to $0.12129, though it maintained a 24-hour gain of 38.2%, with the hourly funding rate rising to +0.0658%.