CATS, a meme coin primarily based on the TON blockchain, has witnessed a outstanding surge in its worth over the previous 24 hours, forward of its itemizing on a number of main cryptocurrency exchanges.
Cats (CATS) has skyrocketed by 691%, climbing from $0.000067 to an intraday excessive of $0.00053, in keeping with CoinMarketCap information. At press time, CATS was buying and selling at $0.000223, nonetheless sustaining a 259% achieve inside a single day.
The surge in CATS’ worth coincides with an enormous uptick in its buying and selling exercise. Day by day buying and selling quantity elevated by 13-fold, reaching roughly $267,000, whereas the token’s market capitalization hovered round $294.4 million.
The hype surrounding CATS has pushed the token to pattern on Google, pushed by its reputation as a Telegram mini-app with thousands and thousands of lively customers. It’s gaining momentum alongside different Telegram-based video games like Hamster Kombat (HMSTR) and Notcoin (NOT).
Cats’ worth rally got here forward of the meme coin being listed on a number of exchanges, together with Bybit, KuCoin, Bitget, and Haskey, on Oct. 8 at 10:00 UTC. With these listings, neighborhood members can now withdraw the airdropped tokens they obtained throughout Season 1 of the challenge. The airdrop distribution was decided by varied Telegram account metrics, together with the age of the account, premium standing, and consumer exercise.
This occasion additionally marks the official launch of CATS’ Season 2, which is anticipated to convey further developments to the memecoin ecosystem. Season 2 will introduce progressive options reminiscent of AI photograph farming and distinctive CAT-themed profile photos, providing additional engagement alternatives for customers.
Airdrop distribution and neighborhood involvement
CATS has a complete provide of 600 billion tokens, with a good portion allotted for airdrops throughout Seasons 1 and a pair of. Particularly, 55% of the entire provide has been reserved for distribution, with Season 1 already allocating 30%, 180 billion tokens to lively neighborhood members.
Rewards have been structured to prioritize customers with OG passes and people who interact in day by day transactions, making certain that probably the most devoted individuals profit from the airdrop.
As a part of its community-building technique, the challenge encourages customers to spice up their token earnings by inviting buddies and finishing easy duties, reminiscent of becoming a member of the official CATS Telegram channel.
Regardless of the latest rally, CATS holders might quickly face a possible worth drop as a lot of airdropped tokens enter circulation. Just like different meme cash primarily based on the TON blockchain, reminiscent of Hamster Kombat’s HMSTR, which noticed a 54% worth decline after its launch, CATS could expertise promoting strain as customers start offloading their tokens.