10x in Five Days: Can Cat Sound the BNB Meme Horn?
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10x in Five Days: Can Cat Sound the BNB Meme Horn?
CAT is a cat-themed meme coin that has recently sparked a frenzy on BNB Chain, with its market cap surging from $25 million to $200 million.
Navigating Web3 tides with focused insightsBy Alvis
Emerging out of nowhere, it launched with a market cap of $25 million and within just five days, was listed on over 13 exchanges. Its market cap surged to $200 million, becoming the most traded memecoin recently on BNB Chain—its price skyrocketing like a runaway horse, with gains so massive they make one wonder if they’ve stepped into the dreamland of a raging bull market.
This is Cat, the cat-themed Meme coin currently causing a sensation on BNB Chain.
In its Telegram group, more than 20,000 enthusiastic holders are cheering loudly: "If MEW kicked off the cat vs. dog narrative in the crypto world during Solana's meme season in March, then Cat will make cats great again in the crypto universe."
Recapping Simon's Cat Development: Deep Ties with Floki
Simon's Cat Token is an officially recognized memecoin, backed entirely by the intellectual property rights of the iconic Simon's Cat brand.
"Simon’s Cat," adapted from the beloved British animated series created by Simon Tofield, has amassed over 1.6 billion views on its official YouTube channel alone, with even more across various social networks.
Floki announced that the well-known brand Simon's Cat would launch its token on TokenFi Launchpad on August 20. The Simon's Cat token will be exclusively issued on the BNB chain under the ticker CAT, with a total supply of 9 trillion. The private sale raised $4.25 million, achieving a presale market cap of $25 million, with all tokens fully unlocked and circulating at TGE (Token Generation Event).
On August 20, FLOKI published an article stating that Binance would support an airdrop of Simon's Cat (CAT) tokens to FLOKI holders on its platform. Users do not need to withdraw their tokens from Binance. To qualify for the CAT airdrop, users must hold at least 400,000 FLOKI tokens on Binance. The snapshot will be taken on August 30, 2024, at 07:59:59 UTC, with eligible FLOKI holders receiving a proportional share of 390 million CAT tokens based on their holdings.
On August 22, FLOKI DAO voted to invest $200,000 from the FLOKI treasury into the Simon's Cat token and to hold it as a strategic asset.
On August 26, the meme coin team behind Simon's Cat (CAT) announced they had completed liquidity locking worth $15 million in CAT tokens using the FlokiFi Locker protocol.
At the time of writing, CAT is trading at $0.0(4)253, with a 24-hour gain of 24.38%, a current market cap of $210 million, and $14 million in liquidity pools.
From this phenomenon, we can glimpse the hidden forces behind CAT’s surge—it clearly has intricate ties with heavyweight players in the Web3 space such as Floki, Binance, and DWF Labs. These connections have sparked significant market interest in CAT. Despite a brief price pullback near the $0.000025 resistance level, market enthusiasm remains undiminished.
The contraction and subsequent expansion of the Bollinger Bands suggest early investors may have taken profits before a new wave of buying pressure. Additionally, the project’s Relative Strength Index (RSI) fluctuates between overbought and neutral zones, indicating CAT is far from being oversold—hinting that its potential may still be waiting to be further explored by the market.
In short, the story of CAT continues, and every market pulse narrates its boundless possibilities.
Cat’s Strong Foundation: The Animated Series “Simon’s Cat”
"Simon’s Cat" is a highly popular animated series created by British animator Simon Tofield. Initially released as a series of online animation shorts, it later expanded into books, mobile apps, and children’s literature.
Simon Tofield released his first animated short titled "Simon’s Cat" in 2008. It quickly went viral, racking up millions of views on YouTube. The animation follows the antics of Simon’s pet cat, named “Simon’s Cat,” and its humorous interactions with other animals. The feline’s mischievous, funny, and adorable personality has won hearts worldwide.
Simon’s Cat frequently gets into hilarious conflicts and adventures in the garden with creatures like birds, rabbits, and squirrels. The animation features a simple, humorous style, typically without dialogue—relying instead on character actions and expressions to tell stories, giving it universal appeal.
Over time, Simon’s Cat evolved into a full-fledged brand. Simon Tofield authored multiple books centered around the cat and released an animated film in 2019 titled *Simon’s Cat: The Big Adventure*. With its lighthearted atmosphere and humorous portrayal of animal behavior, the series has captured global audiences.
The official Simon’s Cat Twitter account now has over 460,000 followers, and its YouTube channel boasts 6.27 million subscribers, with individual videos amassing over 50 million views. Clearly, Simon’s Cat’s strong brand power provides a solid foundation for Cat’s marketing efforts.
What Does the Community Think?
Cat’s official Twitter account shows exceptional activity, consistently posting creative content inspired by the Simon’s Cat animations. This not only enriches the brand image but also draws widespread attention. In terms of trading activity, the number of wallets trading Cat rapidly surpassed 30,000, reflecting its growing popularity among investors.
Currently, discussions about Cat on Chinese X (formerly Twitter) and Telegram platforms remain relatively low, with most conversations happening in international communities.
Communication within its Telegram group is constant. International netizens remain bullish on Cat and are aggressively promoting it ("CX"). The Telegram community is flooded with user-generated memes and creative content, with many claiming Cat has already achieved breakout success. If Cat manages to go mainstream, it could potentially form a 4Chan-style ecosystem.
Narrative + BNB Chain Support: Can Cat Shine?
With upcoming rate cuts and multiple other favorable factors, this bull market may reach epic new highs. The cryptocurrency market is entering a frenzied phase, and a key consensus among participants this cycle is the hunt for the next super meme.
Binance Wallet has been strategically positioning itself in the market lately, repeatedly listing low-market-cap altcoin futures contracts—stirring ripples in the secondary market, reawakening long-dormant market vitality, and drawing significant attention to the Binance ecosystem. Moreover, as CZ’s release date draws nearer, market expectations surrounding related narratives and the Binance ecosystem are quietly rising.
Can Cat ride this powerful momentum to new heights? Only time will tell.
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