DWF Labs is the market maker for CAT, having previously received 36 billion CAT and transferred it to multiple CEX for market making.

According to Foresight News, on-chain analyst Yu Jin monitored that Binance announced the launch of Simon's Cat (CAT) on HODLer Airdrops last night, resulting in a 46% increase in CAT. Among CAT's market makers is DWF Labs: they received 36 billion CAT from CAT's liquidity contract address on August 20 and distributed it to CEX such as Kucoin/Gate/MEXC/HTX for market making.

In November, DWF Labs also launched a $20 million Meme fund to support Meme projects.