DWF Labs, a prominent market maker for the CAT token, has recently distributed its holdings to various cryptocurrency exchanges for enhanced market-making activities. According to on-chain analyst EmberCN, DWF Labs has allocated CAT to Huobi, MEXC, KuCoin, Gate.io, and HTX. This move comes after DWF Labs received a substantial amount of CAT, totaling 360 billion ($22.45 million), from a liquidity provider wallet on August 20, 2023. By distributing these tokens to multiple exchanges, DWF Labs aims to facilitate smoother trading and price discovery for CAT. This strategic distribution is part of DWF Labs' ongoing efforts to enhance liquidity and market depth for CAT. By partnering with multiple exchanges, DWF Labs ensures that traders have access to ample liquidity and competitive pricing, contributing to a more robust and efficient market for the token.