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The CATS meme coin, built on the TON blockchain, has seen an extraordinary surge in value, skyrocketing by 691% following the announcements of its listing on various major cryptocurrency exchanges.
The price soared from $0.00007369 to an intraday high of $0.0007238 according to CoinMarketCap, and despite a brief correction, it is still holding a significant gain.
CATS token listed on various crypto exchanges
The CATS token’s explosive price growth has captured the attention of the crypto community, fueled by the listings on several well-known exchanges.
Besides the price surge, according to CoinMarketCap data, CATS has also experienced a 13-fold increase in daily trading volume, reaching $299,348.
Meanwhile, its market capitalization hovered around $294.4 million, signaling strong market interest.
The surge in price and volume is largely attributed to the listings on major exchanges like Bybit and KuCoin, on October 8 at 10:00 UTC.
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These listings are expected to increase liquidity and provide millions of users with easier access to the token.
As more community members withdraw their airdropped tokens, which were distributed during Season 1 of the project, the CATS ecosystem is set to expand further.
CATS growing popularity as a mini-app on Telegram
The excitement surrounding CATS also stems from its growing popularity as a mini-app on Telegram.
The project has attracted millions of active users who engage with the meme coin through games and other interactive features.
Riding on the success of Season 1, which allocated 30% of the total supply to active community members via airdrops, the project is now launching Season 2, introducing features like AI photo farming and cat-themed profile pictures.
Airdrop rewards have been structured to incentivize community engagement, with users holding OG passes or participating in daily transactions receiving higher allocations.
A total of 55% of the coin’s 600 billion token supply has been reserved for airdrops across both seasons.
This model encourages users to boost their earnings by inviting friends to join the CATS Telegram channel and completing simple tasks.
While the CATS price rally has generated excitement, it also raises concerns about potential selling pressure, especially as a large number of airdropped tokens enter circulation.
Similar to other meme coins like Hamster Kombat, which saw a post-launch price decline, CATS could face a similar challenge once more users begin offloading their tokens.
Nonetheless, the token’s strong momentum and innovative community features continue to capture widespread attention.
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