A pseudonymous trader claiming the handle @3i says their group made more than $6 million by purchasing two Robinhood Chain memecoins before Robinhood listed them. According to the trader's account, the edge came from analyzing publicly available information: a code change at BitGo and onchain activity from market maker Wintermute.
The two tokens involved were CASHCAT and PONS, both trading on Robinhood Chain before being added to Robinhood's listing roster. The Block, a cryptocurrency news outlet, confirmed several public records cited in the trader's analysis and found wallet activity aligning with parts of the timeline. However, The Block could not verify the $6 million profit figure, which remains a self-reported claim.
Background on CASHCAT and Robinhood Chain
CASHCAT emerged as a prominent memecoin on Robinhood Chain following the network's mainnet launch on July 1, 2026. The token reached peak market capitalizations above $100 million during early trading. Robinhood Chain is built as an Arbitrum Orbit chain designed for tokenized real-world assets. Memecoins have dominated the chain's initial trading volume and engagement.
Earlier activity on the chain demonstrated the prevalence of rapid trading strategies. Between September 12 and 25, 2026, bot groups extracted $62,000 from $6.5 million in targeted trades.
The Gray Zone of Public Information
The situation highlights how blockchain transparency operates in practice. While the BitGo code change and Wintermute's onchain activity were publicly visible, few market participants possessed the tools, time, or awareness to connect these data points. For infrastructure providers and market makers, the episode demonstrates that operational footprints can reveal strategic intent through code commits and wallet transfers.
Implications and Questions Ahead
Verification remains the primary open question. Fuller wallet trails could confirm or undermine the $6 million claim. Additionally, the trader's writeup, which accumulated more than 300,000 views, may serve as a template for other traders monitoring infrastructure repositories and market maker activity for future listing signals.
