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Crypto DeFi

@3i team says it front-ran Cash Cat, PONS buys and made over $6M

The @3i team said it bought Robinhood Chain meme tokens Cash Cat and PONS ahead of Robinhood’s listings by tracking public BitGo code changes and Wintermute on-chain activity, then sold after the tokens went live, for a combined profit of more than $6 million. BitGo developers submitted code adding Cash Cat to the public BitGoJS repository on July 27, and Robinhood listed the token on August 6. Public records and matching wallet activity were verified, but the claimed profit figure could not be confirmed.

Original source

AI take

This is a case study in information asymmetry: public code commits and visible market-maker wallets became tradable signals ahead of an exchange listing, and the operators' own disclosure is now the story. It matters less for the tokens themselves than for the infrastructure vendors whose repositories and on-chain footprints leak intent, and for listing venues whose timelines can be anticipated. The unverified profit figure is the weak point, and whether this becomes a repeatable pattern — or prompts tighter operational secrecy — is the open question worth watching.

Generated by AI for reference only.

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