Simon's Cat Meme Token Surpasses $200 Million Market Cap

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Zhrnutie AI

The market capitalization of Simon's Cat Meme Token (CAT) has surpassed $200 million, indicating a surge in investor interest in meme-based cryptocurrencies despite their speculative nature and lack of practical applications.

According to BlockBeats, on September 7, the market data revealed that the Meme token Simon's Cat (CAT) on the BSC chain has surpassed a market capitalization of $200 million. The token's price has exceeded $0.00003, showing an increase of over 30% in the past 24 hours. Currently, the price stands at $0.0000304, with a 24-hour trading volume of $13 million and a liquidity pool of $14 million.
BlockBeats advises users to exercise caution when investing in Meme tokens, as they currently lack practical use cases and are subject to significant price volatility.

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