Written by: Alvis
It suddenly appeared on the market with a market value of 25 million US dollars. In just 5 days, more than 13 exchanges rushed to list it, and its market value soared to 200 million US dollars, becoming the Memecoin with the highest trading volume on BNB Chain in recent times. The price of the coin soared like a wild horse, and its large increase made people wonder whether they were in the dream of a violent bull market.
This is the cat-themed meme coin, Cat, that has recently created a craze on BNB Chain.
In its Telegram group, more than 20,000 enthusiastic holders are cheering for it loudly: "If the Solana meme season in March, MEW started the cats vs dogs narrative in crypto; then Cat will make cats in the crypto world great again."
Looking back at the development of Simon's Cat, it has a deep connection with Floki
Simon's Cat Token is an officially recognized memecoin backed by the full intellectual property of the iconic Simon's Cat brand.
Simon's Cat, based on the beloved British animated series created by Simon Tofield, has been viewed over 1.6 billion times on its official YouTube channel and even more across social networks.
Floki announced that it will launch the token of the well-known brand Simon's Cat on TokenFi Launchpad on August 20. Simon's Cat tokens will be issued exclusively on the BNB chain, with the token code CAT and a total supply of 9 trillion. The pre-sale raised $4.25 million, with a pre-sale market value of $25 million, and all will be unlocked and put into circulation at the TGE.
On August 20, FLOKI published an article stating that Binance will support Simon's Cat (CAT) airdrops for FLOKI holders on the platform. If users hold FLOKI on Binance, they do not need to withdraw their tokens from Binance. Users must hold at least 400,000 FLOKI tokens on Binance to be eligible for the CAT airdrop. Binance will airdrop based on the snapshot at 07:59:59 on August 30, 2024. Eligible FLOKI holders will be allocated 390 million CAT tokens in proportion to their holdings.
On August 22, FLOKI DAO voted to invest $200,000 from the FLOKI treasury into Simon's Cat tokens and hold them as a strategic asset.
On August 26, the meme coin Simon's Cat (CAT) team announced on its social platform that it had completed a liquidity lock of $15 million worth of CAT tokens using the FlokiFi Locker protocol.
As of press time, CAT is quoted at $0.0(4)253, up 24.38% in 24 hours, with a current market value of $210 million. The liquidity pool is $14 million.
From this phenomenon, we can get a glimpse of the mysterious power behind the surge in CAT-it is obvious that it is inextricably linked to heavyweight players in the Web3 field such as Floki, Binance, and DWF Labs. This connection has aroused great interest in CAT in the market. Although it encountered a brief price correction before the resistance level of $0.000025, the market's enthusiasm has not diminished.
The tightening and re-expansion of the Bollinger Bands indicate that early investors may have chosen to take profits before a new round of buying comes. In addition, the project's relative strength index (RSI) is also fluctuating between overbought and neutral areas, indicating that the CAT token is far from reaching an oversold state, suggesting that its potential may still be further explored by the market.
In short, the CAT story continues, and every beat of the market speaks to its endless possibilities.
Cat Powerful background: animation "Simon's Cat"
Simon’s Cat is a very popular animated series created by British animator Simon Tofield. The series started out as a series of online animated shorts and later developed into books, apps, and children’s books.
Simon Terfield released his first animated short film, Simon's Cat, in 2008, which quickly became popular and received millions of views on YouTube. The animation tells the story of Simon's family's pet cat named "Simon's Cat" and its interesting interactions with other animals. The cat is loved by people for its humorous, naughty and cute personality.
Simon's Cat often has various funny conflicts and adventures with other animals in the garden, such as birds, rabbits, squirrels, etc. The animation style is concise and humorous, and there is usually no dialogue. Instead, the story is told through the characters' actions and expressions, making it universally appealing.
Over time, Simon’s Cat became a brand, and Simon Terfield created several books featuring the cat, and in 2019, an animated film called Simon’s Cat: The Big Adventure was released. The series has won the love of audiences around the world for its lighthearted atmosphere and humorous depictions of animal behavior.
Currently, Simon's Cat's official Twitter account has more than 460,000 followers, its YouTube channel has 6.27 million subscribers, and a popular video has been viewed more than 50 million times. This shows that the strong brand power of Simon's Cat has laid a solid foundation for Cat's marketing.
What does the community think?
Cat's official Twitter account is extremely active. Every time you visit it, you can see a series of creative content based on the "Simon's Cat" animation, which not only enriches the brand image, but also attracts widespread attention. In terms of trading activity, the number of Cat's trading wallets quickly exceeded 30,000 in a short period of time, showing its popularity among investors.
At present, the discussion about Cat on X and Telegram in China is not very high, and it is mainly discussed in foreign communities.
Its Telegram community has a constant flow of communication information. Foreign netizens continue to be optimistic about Cat and are crazy about CX (promotion). The Telegram community is full of creative content such as Holder's self-made emoticons, and they say that Cat has successfully become popular. If Cat can successfully go viral, it may form a 4Chan (famous sticker website) ecosystem.
With the support of narrative and BNB Chain, can Cat shine?
With the support of multiple favorable factors such as the interest rate cut, this round of bull market may set an epic new high. The cryptocurrency market will enter a frenzy stage, and one of the major consensus of this round of bull market is to find super memes.
Binance Wallet has been carefully laying out its position in the market recently. The continuous launch of low-market-cap small-coin contracts has stirred up ripples in the secondary market, awakened the long-lost market vitality, and attracted a lot of attention to the Binance ecosystem. In addition, as the date of CZ's release from prison is approaching, the market's expectations for its related concepts and ecology are also quietly heating up.
Can Cat Coin take advantage of this strong momentum to rise? Let us wait and see.
