CATS, a meme coin based on the TON blockchain, has witnessed a remarkable surge in its price over the past 24 hours, ahead of its listing on multiple major cryptocurrency exchanges.
Cats (CATS) has skyrocketed by 691%, climbing from $0.000067 to an intraday high of $0.00053, according to CoinMarketCap data. At press time, CATS was trading at $0.000223, still maintaining a 259% gain within a single day.
The surge in CATS’ value coincides with a massive uptick in its trading activity. Daily trading volume increased by 13-fold, reaching approximately $267,000, while the token’s market capitalization hovered around $294.4 million.
The hype surrounding CATS has pushed the token to trend on Google, driven by its popularity as a Telegram mini-app with millions of active users. It’s gaining momentum alongside other Telegram-based games like Hamster Kombat (HMSTR) and Notcoin (NOT).
Cats’ price rally came ahead of the meme coin being listed on multiple exchanges, including Bybit, KuCoin, Bitget, and Haskey, on Oct. 8 at 10:00 UTC. With these listings, community members can now withdraw the airdropped tokens they received during Season 1 of the project. The airdrop distribution was determined by various Telegram account metrics, including the age of the account, premium status, and user activity.
This event also marks the official launch of CATS’ Season 2, which is expected to bring additional developments to the memecoin ecosystem. Season 2 will introduce innovative features such as AI photo farming and unique CAT-themed profile pictures, offering further engagement opportunities for users.
Airdrop distribution and community involvement
CATS has a total supply of 600 billion tokens, with a significant portion allocated for airdrops across Seasons 1 and 2. Specifically, 55% of the total supply has been reserved for distribution, with Season 1 already allocating 30%, 180 billion tokens to active community members.
Rewards have been structured to prioritize users with OG passes and those who engage in daily transactions, ensuring that the most dedicated participants benefit from the airdrop.
As part of its community-building strategy, the project encourages users to boost their token earnings by inviting friends and completing simple tasks, such as joining the official CATS Telegram channel.
Despite the recent rally, CATS holders could soon face a potential price drop as a large number of airdropped tokens enter circulation. Similar to other meme coins based on the TON blockchain, such as Hamster Kombat’s HMSTR, which saw a 54% price decline after its launch, CATS may experience selling pressure as users begin offloading their tokens.