Crypto News

Simon’s Cat Token $CAT Launches On BNB Chain, Skyrockets 90% In 24 Hours

The official token of Simon’s Cat, $CAT, made its debut on the BNB Chain yesterday and quickly gained traction, emerging as one of the top trending cryptocurrencies on X.

The token is now actively trading on major platforms such as KuCoin, Gate.io, MEXC, BingX, and PancakeSwap.

Ahead of the launch, Binance, the largest cryptocurrency exchange globally, announced its support for the Simon’s Cat $CAT airdrop, which was distributed to $FLOKI holders on the platform. This endorsement from Binance, along with backing from @RealFlokiInu and @bnbchain, has helped fuel the token’s rapid ascent.

$CAT Surges Over 90% In The Last 24 Hours

In the past 24 hours, $CAT has soared by over 90%, pushing its market capitalization beyond the $225 million mark. The buzz around the token has not only captured the attention of investors but also provided lucrative opportunities for traders.

One notable incident involved a sniper who managed to earn a staggering $3 million in just five hours. This trader initially invested 2,500 $BNB (approximately $1.46 million) to purchase 318.87 billion $CAT tokens during the same transaction where liquidity was added. Shortly after, the sniper sold all 318.87 billion $CAT for around 7,639 $BNB (roughly $4.45 million), resulting in a profit of 5,139 $BNB, equivalent to $3 million.

With such rapid growth and strong backing, Simon’s Cat $CAT token has quickly become a hot topic in the crypto community, and its performance in the coming days will be closely watched by both investors and traders alike.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: peshkov/123RF // Image Effects by Colorcinch

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