Cash Cat memecoin surges 25% amid market retraction

The memecoin Cash Cat (CASHCAT) experienced a 25% surge despite a broader market retraction. This rally was supported by positive capital flow in the perpetual market, with approximately $7.18 million flowing into the asset and a netflow of roughly $444,730.

Data from CoinGlass indicates that Open Interest reached a local high of approximately $32.4 million. Additionally, the Funding Rate stood at 0.0409%, suggesting a higher concentration of long positions compared to short positions in the market.