CATS, a meme coin primarily based on the TON blockchain, has seen a major worth improve up to now 24 hours forward of its itemizing on a number of main crypto exchanges.
Cat (cat) surged 691%, rising from $0.000067 to an intraday excessive of $0.00053, in response to knowledge from CoinMarketCap. On the time of writing, CATS is buying and selling at $0.000223, a 259% acquire in lower than a day.
CATS’s surge in worth has coincided with a major improve in its buying and selling exercise. The day by day buying and selling quantity elevated 13 instances, reaching roughly $267,000, whereas the token market capitalization remained at roughly $294.4 million.
The hype surrounding CATS has seen the token floor in Google traits, pushed by its reputation as a Telegram mini-app with thousands and thousands of energetic customers. It’s gaining momentum alongside different Telegram-based video games reminiscent of Hamster Kombat (HMSTR) and Notcoin (NOT).
Cat worth rise got here earlier than meme cash Listed on multiple exchangestogether with Bybit, KuCoin, Bitget, and Haskey, October 8, 10:00 UTC. These lists allowed neighborhood members to withdraw the airdropped tokens they obtained throughout Season 1 of the challenge. The distribution of airdrops was decided by varied Telegram account metrics, together with account age, premium standing, and person exercise.
This occasion additionally marks the official launch of Season 2 of CATS and is predicted to carry additional growth to the memecoin ecosystem. Season 2 introduces modern options reminiscent of AI photograph administration and distinctive CAT-themed profile pictures, giving customers much more engagement alternatives.
Airdrop distribution and neighborhood participation
The overall provide of CATS is 600 billion tokens, nearly all of which is allotted to the Season 1 and a couple of airdrops. Particularly, 55% of the whole provide is reserved for distribution, with 30% or 180 billion tokens already allotted to energetic tokens in Season 1. Neighborhood members.
Rewards are structured to prioritize customers with OG passes and people engaged in day by day transactions, permitting essentially the most devoted individuals to learn from the airdrop.
As a part of its community-building technique, the challenge encourages customers to extend their token earnings by inviting pals and finishing easy duties reminiscent of becoming a member of the official CATS Telegram channel.
Regardless of the latest rally, CATS holders might quickly face a possible worth decline as massive quantities of airdropped tokens enter circulation. Much like different meme cash primarily based on the TON blockchain, reminiscent of Hamster Kombat’s HMSTR, which noticed its worth drop by 54% after its launch, CATS might come beneath promoting stress if customers begin offloading their tokens.
