The IP-licensed meme coin Simon’s Cat (CAT) has made a strong entry into Binance today (17), becoming the first cat-themed meme coin listed on the Binance spot market. Following the news, CAT's price soared over 75%, setting a new historic high.

According to CoinMarketCap market data, after Binance announced the listing last night (16), CAT's price immediately soared over 75%, climbing from $0.00003913 to a historic high of $0.00006871 within just a few hours.

In the past 24 hours, CAT's trading volume surged from $49 million, increasing by 1,200% 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 trends and market sentiment continues to warm up.

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

The IP behind CAT originates from the world-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' confidence foundation.

Compared to other cat-themed meme coins like Mog Coin (MOG), Popcat (POPCAT), and cat in a dogs world (MEW), CAT not only has a global IP halo but has also entered the Binance spot market, with strength and recognition beyond doubt. Investors have increasingly viewed CAT as a severely undervalued 'potential coin.'

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

The renowned trader @theunipcs (who once turned $16,000 into $18 million by trading BONK) is a loyal supporter of CAT, stating that CAT will surely become 'the king of cat-themed meme coins' in the future. He pointed out:

CAT boasts the strongest IP backing, possessing irreplaceable brand value. Although many investors are still on the sidelines, when the real surge arrives, it will be a 'forced entry' strong market. It is only a matter of time before CAT surpasses Popcat.

one voice has consistently told you for months that a $CAT flippening of $POPCAT to become the top cat memecoin is highly likely

and that voice has consistently been shut down by people who would rather marry their bags than make money

but you don't have to listen to me anymore… https://t.co/CxCaTNTuMQ pic.twitter.com/aBYI95WUsh

— Unipcs (aka 'Bonk Guy') (@theunipcs) December 16, 2024

"The cat-themed meme coin 'CAT' has made a strong entry into Binance! At one point, it surged by 75% to reach a new high." This article was first published on (BlockKe).