Simon’s Cat (#CAT ), the new memecoin inspired by the popular animated series, has surged 20% in the past 24 hours to reach $0.000028. This significant price increase follows the completion of its airdrop event to $FLOKI holders on September 11, 2024.

Originally launched on August 23, 2024, $CAT debuted as the first major cat-themed memecoin on the Binance Smart Chain (BNB Chain). The airdrop, which distributed 20% of the total $CAT supply to Floki ($FLOKI ) holders, played a significant role in this price spike.
However, the airdrop was not without issues. Binance initially used an incorrect snapshot date (August 24) instead of the correct date (August 29), leading to discrepancies in token distribution. Some users received excess $CAT tokens while others received none. Binance suspended $CAT withdrawals to correct this issue.
They reprocessed the airdrop to recover excess tokens and distribute them to users who received less. Users can expect to see these adjustments reflected in their Binance records.
Despite these hiccups, the price of $CAT has been on the rise. On September 9, the token reached a daily high of $0.0000315. With a 24-hour trading volume of $132 million and a market cap of $186 million, $CAT’s trading activity is strong.
Investors should still be cautious as 30% of the token’s supply is reserved for presale investors, which could lead to price volatility if these early holders decide to sell.
#floki #memecoins #airdrop #binance

In their newest YouTube video uploaded earlier today, Altcoin Daily shared some of their thoughts on Floki (FLOKI), and why they think the meme coin will be “massive”. Altcoin Daily specifically referred to Floki’s three pillars, community, utility and charity, to support their belief that FLOKI will be the next best thing in crypto.

With regards to its utility, Altcoin Daily explained that Floki’s ecosystem is a community-driven ecosystem that aims to give the people control of their finances through at least six key utility offerings. Some of these offerings include the Valhalla Metaverse play-to-earn game, the Floki NFT collection and Floki prepaid cards.

When looking at the charity pillar, Altcoin Daily revealed that Floki has made huge strides with regards to philanthropy. The video shared that Floki has built four schools in four nations of the world including Nigeria, Laos, Guatemala, and Ghana. The project has also publicly revealed that they plan to build a school in every under-developed nation.

Lastly, community is something that Floki takes very seriously. The Floki vikings is a global community over 45,000 strong, and they have made it their mission to make Floki the most popular cryptocurrency in the world. They are also known to perform social media raids on multiple platforms to get the Floki name out to the masses.

This caught the attention of Altcoin Daily especially because it showcases Floki’s commitment to great marketing and collaborations. At the end of the video, Altcoin Daily also stated that they believe Floki will be the catalyst for the next wave of retail crypto adoption.

At press time, FLOKI was on CoinMarketCap’s trending list following a 44.92% price increase over the past 24 hours. The meme coin was worth about $0.00004669.

#floki #crypto2023 #crypto #Binance #Meme