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Cryptocurrency News Articles
Simon's Cat (CAT) Meme Coin Enters the Blockchain Realm, Eyes Binance Listing
Sep 26, 2024 at 01:05 am
Simon's Cat (CAT), the chubby cartoon character from the British animated series of the same name, entered the blockchain realm over a month ago.
Simon’s Cat (CAT), the plump cartoon character from the British animated series of the same name, joined the blockchain realm over a month ago. The perpetually hungry cat became a meme thanks to its creator Simon Tofield, as the YouTube series has garnered over 1.6 billion views on Simon’s Cat’s official YouTube channel.
CAT Continues Quest For Food On-Chain
The CAT coin was first announced on August 20, 2024, when KuCoin announced that it was listing Simon’s Cat on Spot offerings. The new meme coin has seen a lot of activity in the crypto scene, as CAT recently entered price discovery, hitting an all-time high on September 21, 2024 at $0.00004624. Since then, CAT has retraced 16.9%, but is still looking strong in monthly terms with a 40% upswing.
$CAT SZN | @SimonsCatMeme recently established a new support level and is now in its accumulation phase, ready for the next upward move.
A solid candle seems imminent for Simon’s $CAT, perfectly timed with the #CZ release timeline.
Looking strong!!! 😎🔥🚀🔗… pic.twitter.com/wUPdx1xcp4
Four days into the ATH milestone, Simon’s Cat is looking hungry again, as several signs point to large players being back in the CAT accumulation phase. For one, the Chaikin Money Flow (CMF) is dwelling at 0.07 on the 1-day charts, indicating a rising inflow signal. Secondly, the Relative Strength Index (RSI) is hovering around 40 to 41 in the 1-hour charts, inspiring bullish momentum due to an oversold position.
Simon’s Cat To Scrape Up Binance Listing?
Diving into the feline meme coin’s tokenomics, DailyCoin has established that there’s a huge supply of 9T CAT tokens, with nearly 1T being burned. After deducting the tokens vested in Simon’s Cat Foundation and Simon’s Cat Treasury, there’s 6.749T CAT tokens in circulation overall.
At a $260 market capitalization, CAT trading on KuCoin only accounts for 3%. Meanwhile, the cat-themed meme coin is very popular on PancakeSwap, representing 12% of the daily CAT trades. Centralized exchanges like HTX, MEXC and BitMart also take a considerable 26% of CAT’s trading volume.
Upon launch, CAT was airdropped to Floki Token (FLOKI) holders on Binance, for anyone holding at least 400,000 FLOKI coins.
We're excited to announce that Binance will support the $CAT airdrop to $FLOKI holders!$CAT will be distributed proportionally based on eligible $FLOKI holdings. The more you own on Binance, the more you receive!
✅ If you hold at least 400,000 $FLOKI on Binance, you’ll… pic.twitter.com/u9iGufFMiY
The snapshot happened on August 29, 2024, 23:59:59 UTC, when Binance users received proportionally distributed tokens according to FLOKI holders, seeding optimism among the growing Simon’s Cat community about an imminent listing on Binance.
On the Flipside
Why This Matters
Internet culture and blockchain technology often amplify each other’s potential, as seen in the numerous adoption cases with mainstream meme coins like Shiba Inu (SHIB), Pepe Token (PEPE) & Dogecoin (DOGE).
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