CASHCAT dropped about 30% after going live on Robinhood, and trader 0x4B1 has an unrealized loss of $412,000 but has not sold

Trader 0x4B1 purchased tokens accounting for approximately 0.85% of the total supply for about $1.29 million when CASHCAT was listed on Robinhood, with an average market cap of about $150 million at the time of purchase.

After CASHCAT was listed on Robinhood, the price dropped by about 30%. The trader is currently facing an unrealized loss of approximately $412,000, but on-chain data shows that they have not sold any tokens to date.