CATS, a meme coin based mostly on the TON blockchain, has witnessed a exceptional 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 accordance with CoinMarketCap knowledge. 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. Each 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 development on Google, pushed by its recognition as a Telegram mini-app with thousands and thousands of energetic 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, group members can now withdraw the airdropped tokens they obtained throughout Season 1 of the venture. The airdrop distribution was decided by numerous 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 predicted to deliver further developments to the memecoin ecosystem. Season 2 will introduce progressive options similar to AI picture farming and distinctive CAT-themed profile photos, providing additional engagement alternatives for customers.
Airdrop distribution and group 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 overall provide has been reserved for distribution, with Season 1 already allocating 30%, 180 billion tokens to energetic group members.
Rewards have been structured to prioritize customers with OG passes and people who have interaction in each day transactions, guaranteeing that essentially the most devoted contributors profit from the airdrop.
As a part of its community-building technique, the venture encourages customers to spice up their token earnings by inviting buddies and finishing easy duties, similar to becoming a member of the official CATS Telegram channel.
Regardless of the latest rally, CATS holders may quickly face a possible worth drop as numerous airdropped tokens enter circulation. Much like different meme cash based mostly on the TON blockchain, similar to Hamster Kombat’s HMSTR, which noticed a 54% worth decline after its launch, CATS might expertise promoting stress as customers start offloading their tokens.
