Top CASH CAT Holders Control 89% of Token Supply (Robinhood Chain)

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On-chain research, acquired using the Arkham API, explores the portfolios of leading CASHCAT holders on the newly-launched Robinhood Chain. By focusing on the top 1,000 addresses by CASHCAT balance, the Arkham API mapped the complete token holdings of these market participants across the network, revealing concentrated ownership and correlated meme coin holdings.

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Supply Concentration

CASHCAT has successfully attracted more than 61,000 individual holders, but on-chain data shows high levels of concentration at the top. The top 1,000 addresses control 89.1% of the token's circulating supply.

This equates to more than $40 million in value. A relatively small group of wallets - CASH CAT whales - dominates the token’s ownership structure and holds significant sway over the asset's available liquidity.

Use the interactive window below to explore CASH CAT top holders on Arkham. Switch between address view and entity view with the blue toggle:

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Correlated Secondary Holdings

Using the Arkham API, in-house sleuths aggregated the portfolios of these top addresses to see where else their capital was deployed. Beyond CASHCAT itself, the same group holds substantial positions in other emerging Robinhood Chain meme coins.

Leading secondary holdings among the top CASHCAT wallets include:

• PONS: $2.84 million
• TENDIES: $1.87 million
• STONKBROKER: $1.1 million
• THE INDEX: $1.07 million

Additional notable allocations include WOOD ($409K), SQUEEZE ($314K), VIRTUAL ($308K), JUGGERNAUT ($299K), UP ($275K), DEGEN ($247K), KITSU ($229K), SWOGE ($211K), and VEX ($207K).

Tracking Whales on Arkham

This data illustrates an overlap in meme coin allocations among the largest CASHCAT participants. The fact that these secondary tokens appear frequently across the same set of top-tier wallets suggests the potential for coordinated/correlated exposure within the ecosystem.

Meme coin volume on the Robinhood Chain continues to grow, with the EVM-compatible chain generating $350K in fees over a 24-hour period last week. Traders looking to capitalize on this activity can now use Arkham as their blockchain explorer of choice. 

Robinhood Chain is fully integrated with Arkham’s intelligence features. Traders can track all Robinhood Chain tokens, see top holders, whales, set alerts, and use advanced analytics features like the Tracer and Visualizer.