Token

Cat Token

A new memecoin inspired by the popular animated series, Simon’s Cat ($CAT), has surged 69% in the past week as anticipation for the airdrop grows. Launched on August 23, 2024, CAT is the first major cat-themed memecoin on the Binance Smart Chain (BNB Chain), and its price has been steadily rising since its debut. 
The token has risen with several marketing strategies and a social media campaign. On August 27, CAT hit a daily high of $0.0000286, which is a great jump since its inception. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="1011" height="455" src="https://www.cryptotimes.io/wp-content/uploads/2024/08/Simons-Cat-Memecoin-CAT-Soars-68-Ahead-of-Airdrop.png" alt="Simon’s Cat Memecoin (CAT) Soars 68% Ahead of Airdrop" class="wp-image-198426">
 <figcaption class="wp-element-caption">
 CAT Price Chart | Source:&nbsp;<a href="https://coinmarketcap.com/currencies/simonscat/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a>
 </figcaption>
 </figure>
</div> 
The price rise comes after several listings on exchanges such as Gate.io and HTX, as well as burning 900 billion CAT tokens, which is equal to 10% of the total supply, increasing its value. 
Another <a href="https://x.com/SimonsCatMeme/status/1828746322985492817" target="_blank" rel="noreferrer noopener">upcoming airdrop</a> is expected in 2-3 weeks. However, the snapshot is planned for August 29, 2024, at 23:59:59 UTC, which adds to the anticipation. However, to qualify for the airdrop, users must have a minimum of 400,000 $FLOKI tokens in their possession. This airdrop, led by Floki and Binance, will make 20% of the total CAT supply available to Floki holders, thus boosting the token’s growth. 
Simon’s Cat (CAT) is currently priced at $0.000022 with a 24-hour trading volume of $78,422,467. The token has declined by 4.85% in the last 24 hours, with a market capitalization of $171,867,734. 
However, potential investors should beware of the following even with the impressive price action. CAT has no specific application at the moment, and the token’s recent surge is still based on speculation.&nbsp; 
This is because 30% of the supply is reserved for presale investors, which means that if these early investors decide to dump their tokens, the price may fluctuate significantly. 
Simon’s Cat has already attracted the market’s attention, but creating a viable use case and future growth model will determine the project’s success. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/27/resistance-dog-meme-gains-ton-devs-support-surges-140/">‘Resistance Dog’ Meme Gains TON Devs’ Support, Surges 140%</a> 
</blockquote>

Simon’s CAT Price Jumps 69% in a Week Ahead of $CAT Airdrop

The Crypto Times

Other articles published on Aug 29, 2024

Iowa Attorney General Warns of Romance Crypto Scam

Cardano Fails to Break Out of Bullish Descending Wedge: What’s Next For ADA?

Binance Reports BTC and ETH Outflux Worth $3.7B in a Month

Brazil’s Supreme Court threatens to suspend X by Aug. 29

PolitiFi in Crypto: Combining Politics and Blockchain

August Recap!

Join our free newsletter for daily crypto updates!