The first breakout hit for Robinhood's blockchain is a memecoin.

Robinhood launched its blockchain on July 1 to move stocks onchain. Eight days later, the first breakout hit is a memecoin called CASHCAT, with one early buyer walking away with over $1 million between his sale and remaining tokens. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.