The IP-licensed meme coin Simon's Cat (CAT) has been strongly listed on Binance today (17), becoming the first "cat meme coin" to be listed on the Binance spot market. Inspired by the news, the price of CAT once soared by more than 75%, setting a new record high.

According to CoinMarketCap market data, after Binance released the coin listing announcement yesterday evening (16), the price of CAT soared by more than 75%. In just a few hours, it climbed from US$0.00003913 to a historical high of US$0.00006871.

In the past 24 hours, CAT's trading volume has surged 1,200% from $49 million to $658 million.

Meanwhile, the open interest in CAT's derivatives market has also doubled to $60 million, indicating that investors are optimistic about CAT's future market trends, and market sentiment continues to heat up.

Binance has also announced that the platform will airdrop CAT rewards to users who participated in the 'Earn' product and staked BNB tokens last week, and today officially launched 1000CAT (1 token represents 1000 CAT) for spot trading.

The IP behind CAT comes from the globally renowned animated series (Simon's Cat). This mischievous and food-loving house cat has been a global sensation since 2008, accumulating over 20 million fans on platforms like YouTube, Facebook, and Instagram, becoming a classic character known worldwide.

This also makes CAT one of the few meme coins with official endorsement, providing investors with a 'legitimate' foundation of confidence.

Compared to other cat-themed meme coins like Mog Coin (MOG), Popcat (POPCAT), and Cat in a Dog's World (MEW), CAT not only boasts a global IP halo but has also entered the Binance spot market, with undeniable strength and recognition. Investors also see CAT as a severely undervalued 'potential coin.'

As of now, CAT has entered the top 4 of cat-themed meme coins by market capitalization, while the $1.1 billion MOG still firmly holds the leading position.

Famous trader @theunipcs (who once made $18 million from operating BONK with $16,000) is a loyal supporter of CAT, stating that CAT will inevitably become the 'king of cat-themed meme coins' in the future. He pointed out:

CAT has the strongest IP backing, possessing an irreplaceable brand value. Although many investors are still on the sidelines observing, when the real uptrend arrives, it will be a strong market where many are 'forced to jump on board.' CAT surpassing Popcat is just a matter of time.