Breaking news: On Monday, the meme token CAT, supported by the IP of Simon's Cat, shook the cryptocurrency market when it was officially listed on Binance Spot exchange. This move not only stirred the community but also created a wave of strong optimism.

Highlights:

  • Remarkable growth: Open interest in #CAT futures products has nearly doubled, reaching over $60 million, indicating a promising future with strong price volatility.

  • CAT leads the way: Becoming the first cat-themed token listed on Binance, CAT demonstrated its appeal by soaring from $0.000039 to an all-time high of $0.000067 in just one day. Trading volume also exploded, increasing tenfold from $55 million to over $500 million.

  • Attractive rewards: Binance announced it will provide an airdrop #CAT to users of the Earn product who staked a specific amount of BNB tokens last week.

The importance of CAT:

CAT is not just a meme token but also the official mascot of Simon's Cat, a popular animated series with over 20 million followers on social platforms like YouTube, Facebook, and Instagram. This gives CAT solid IP value and a large fan community, enhancing its credibility and attracting investment.

Comparison with other memecoins:

When compared to Popcat, MOG, and MEW, CAT is often undervalued, but with its listing on Binance and strong IP support, CAT is emerging as an appealing investment opportunity. It is the fourth largest coin by market cap in the cat memecoin category, only behind MOG with $1.1 billion.

Notable supporters:

The famous trader @theunipcs, who once turned $16,000 into $18 million in a BONK trade, is one of the strong supporters of CAT. He believes that CAT has the potential to overthrow other memecoins to become the top cat memecoin in the near future.

The future of IP memecoins:

In the context of memecoins lacking IP support facing numerous legal challenges, the official licensing of CAT by the Simon's Cat brand provides a significant advantage. IP-supported tokens like CAT not only have legal usage rights but also reduce the risk of litigation, increasing stability and trust for investors.

Overall, CAT is proving its strong appeal in the cryptocurrency market, opening up great opportunities for savvy investors. Don't miss the chance to ride the CAT wave!