Binance has just announced the launch of the first cat-themed meme coin, CAT. Although it is an institutional play, it is related to $FLOKI ! However, $Floki has also reached a market cap of over 3 billion at its peak, and it currently stands at 2 billion! Currently, $CAT has 10% of its tokens in a black hole, so the actual market cap should be around 450 million!
In comparison, the recent $MOVE opened at 2 billion, $ME peaked at 800 million, and $VANA opened today close to 1 billion! It feels like memes are relatively more accepted! It all depends on how the market makers operate! The spot market opens at 5 PM tomorrow, and since $PENGU has no place to surge, its opening time is also after $CAT! Let's finish with the cat first!
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Do your own research
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What do you all think?
