CATS see 691% surge ahead of major exchange listings

CATS, a meme coin on the TON blockchain, has experienced an astonishing price surge, rising 691% in just 24 hours from $0.000067 to an intraday high of $0.00053. As of now, CATS is trading at $0.000223, still up 259% for the day.

This dramatic increase coincides with a significant spike in trading activity, with daily trading volume reaching approximately $267,000, pushing the token’s market capitalization to around $294.4 million. The excitement surrounding CATS has made it a trending topic on Google, largely due to its popularity as a Telegram mini-app with millions of active users, alongside other Telegram-based games like Hamster Kombat and Notcoin.

The timing of the price rally aligns with the upcoming listings of CATS on major exchanges, including Bybit, KuCoin, Bitget, and Haskey, set for October 8 at 10:00 UTC. Community members can also withdraw airdropped tokens received during the project’s first season, which were distributed based on various Telegram account metrics.

The launch of Season 2 is anticipated to enhance the CATS ecosystem, introducing features like AI photo farming and unique CAT-themed profile pictures to boost user engagement. With a total supply of 600 billion tokens, 55% is reserved for airdrops, with 30% already distributed to active community members in Season 1.

However, there is a concern that the influx of airdropped tokens might lead to selling pressure and a potential price drop, similar to trends seen with other meme coins on the TON blockchain. As holders begin to offload their tokens, particularly those who received them through airdrops, the market could experience volatility.