CASHCAT crypto surges 40% – Will rising leverage fuel a break above $0.17?

Cash Cat [CASHCAT] surged 40.78% to $0.1612 as of writing, with $45.6 million in volume, and rising holder count strengthening its broader breakout case. 

Trading activity expanded alongside price, with 24-hour volume climbing 58.68% during the rally. Meanwhile, CASHCAT benefited from a wider rotation across the memecoin sector. Several meme tokens gained more than 30% during the same broader market shift. 

CASHCAT’s growing holder count added another layer of participation beyond the immediate price hike, with nearly 50,000 holders expanding the token’s ownership base. 

Furthermore, higher volume accompanied the advance rather than weakening as prices climbed. This alignment gave the rally stronger participation as CASHCAT moved toward a major technical barrier. However, the rapid appreciation also increased the importance of continued demand around higher price levels.

Short squeeze puts bears under pressure

Derivatives activity strengthened the bullish picture through a striking imbalance between short and long liquidations. 

Short liquidations reached $307.39K, compared with only $8.20 across long positions. Hyperliquid contributed $293.29K, accounting for nearly all recorded short liquidations during the measured period.