CATS, a meme coin built on the TON Blockchain, saw its value skyrocket by 691% after the announcement of the listing on major cryptocurrency exchanges.
According to CoinMarketCap the price rose from $0.00007369 up to an intraday peak of $0.0007238. Despite a short correction, this is still a substantial gain.
The CATS Token is listed on several crypto exchanges
A CATS token listing on several popular exchanges has fueled the explosive growth of its price.
According to CoinMarketCap, CATS also saw a 13 fold increase in its daily trading volume. It now stands at $299.348.
The market cap of the company hovers around $294,4 million. This indicates a strong interest in its stock.
This is due to major exchanges such as Bybit and KuCoin listing the coins on 8 October at 10 UTC.
You have 1 hour before Do you still wait? $CATS
The listing of the tokens is expected to boost liquidity, and make it easier for millions of users to access them.
The CATS ecosystem will continue to grow as more members of the community withdraw the tokens they received during the first season.
Growing popularity of CATS as a Telegram mini-app
Its growing popularity on Telegram is also a factor in the excitement around CATS.
Millions of users have engaged with the project through its games, interactive features and other activities.
Season 2 is a continuation of Season 1 which distributed 30% of total supply via airdrops to community members who were active. It introduces features such as AI photo-farming and profile photos with cat themes.
The Airdrop Rewards have been designed to encourage community involvement. Users who hold OG passes and/or participate in daily transactions will receive higher allocations.
Airdrops will be available for both seasons, reserving 55% of 600 billion tokens.
The CATS Telegram model is designed to encourage users to increase their earning by inviting others to the channel.
The CATS rally in price has created excitement but also concerns over potential pressure to sell, particularly as an increasing number of tokens are being airdropped.
CATS may face the same challenge as other meme currencies like Hamster Kombat that saw their prices drop after launch.
The tokens’ strong momentum, and the innovative features of their community continue to attract widespread attention.
As new information becomes available, this post Kucoin listings and ByBit listing send CATS prices skyrocketing could be updated.
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