Robinhood CEO Vladimir Tenev reversed his memecoin stance after CASHCAT surged up to 1,900% on Robinhood Chain, reaching a $110M market cap in 24 hours.

Robinhood CEO Vlad Tenev said Robinhood Chain is built for RWA tokenization, with meme coins also working well on the network.

The meme coin CashCat on Robinhood Chain is the latest flavor of the hour, and one patient trader is now sitting on a small fortune.