CATS, the trending meme coin on the TON blockchain, has experienced an astonishing price surge of 691% in the past 24 hours, coinciding with its upcoming listings on major cryptocurrency exchanges.
CATS soared from $0.000067 to an intraday high of $0.00053, according to market data. At the latest update, the token was trading at $0.000223, reflecting a remarkable 259% gain within a single day.
This impressive rise in CATS’ value has been paralleled by a substantial increase in trading activity. Daily trading volume surged to approximately $267,000, marking a 13-fold increase, while the token’s market capitalization stood around $294.4 million.
The increased interest in CATS has driven the token to trend on search engines, fueled by its popularity as a Telegram mini-app with millions of active users. It is gaining traction alongside other Telegram-based games such as Hamster Kombat and Notcoin.
CATS is set for listing on multiple exchanges, including Bybit, KuCoin, Bitget, and Haskey, on October 8 at 10:00 UTC. This will allow community members to withdraw airdropped tokens received during Season 1 of the project, with distribution based on various Telegram account metrics, including account age and user activity.
The upcoming listings also coincide with the launch of CATS’ Season 2, which promises to introduce new features like AI photo farming and unique CAT-themed profile pictures, enhancing user engagement within the memecoin ecosystem.
Airdrop Distribution and Community Engagement
CATS has a total supply of 600 billion tokens, with 55% allocated for airdrops across Seasons 1 and 2. Season 1 has already distributed 30% of this total, amounting to 180 billion tokens for active community members.
To reward engagement, the project has structured its rewards to favor users with OG passes and those who actively participate in daily transactions, emphasizing benefits for dedicated community members.
The initiative encourages users to increase their token earnings by inviting friends and completing tasks, such as joining the official CATS community channels.
Despite the sharp price increase, CATS holders should be cautious as the impending circulation of airdropped tokens could lead to price volatility. Similar to other meme coins on the TON blockchain, there may be selling pressure, as seen with Hamster Kombat’s HMSTR, which experienced a 54% price drop following its launch.
