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🐱 CashCat Flash-Crashes 60% in One-Minute Leverage Wipeout
Robinhood Chain's flagship meme coin CashCat got absolutely wrecked on Hyperliquid, with the token wicking from $0.19 down to $0.08 in under a minute — a classic liquidation cascade triggered by overleveraged positions getting squeezed out.
The move was a leverage shakeout, not a rug: CashCat trades on Hyperliquid, where cascading liquidations can cause violent wicks before price recovers. The crash wiped leveraged longs in seconds.
Leverage and meme coins — a love story that always ends the same way.