CATS, a meme coin on the TON blockchain, has experienced a significant price surge in the past 24 hours, ahead of its listings on several major cryptocurrency exchanges.
According to CoinMarketCap data, CATS skyrocketed by 691%, rising from $0.000067 to an intraday high of $0.00053. At the time of reporting, CATS was trading at $0.000223, still reflecting a 259% increase within the same day.
This surge in CATS’ value has been accompanied by a dramatic rise in trading activity, with daily trading volume increasing thirteen-fold to approximately $267,000. The token’s market capitalization is around $294.4 million.
The excitement surrounding CATS has driven it to trend on Google, thanks to its popularity as a Telegram mini-app with millions of active users. The momentum is building alongside other Telegram-based games like Hamster Kombat and Notcoin.
CATS’ price rally coincides with its upcoming listings on several exchanges, including Bybit, KuCoin, Bitget, and Haskey, scheduled for October 8 at 10:00 UTC. With these listings, community members can withdraw the airdropped tokens they received during Season 1 of the project, which were distributed based on various Telegram account metrics such as account age, premium status, and user activity.
This event also marks the official launch of CATS’ Season 2, expected to introduce new developments to the memecoin ecosystem, including features like AI photo farming and unique CAT-themed profile pictures to enhance user engagement.
CATS has a total supply of 600 billion tokens, with a substantial portion allocated for airdrops across Seasons 1 and 2. In total, 55% of the supply has been set aside for distribution, with Season 1 already allocating 30% (180 billion tokens) to active community members.
Rewards are designed to prioritize users with OG passes and those who engage in daily transactions, ensuring dedicated participants benefit from the airdrop. To foster community involvement, the project encourages users to increase their token earnings by inviting friends and completing simple tasks, such as joining the official CATS Telegram channel.
However, despite the recent rally, CATS holders may soon face a potential price drop as a large number of airdropped tokens enter circulation. Similar to other meme coins on the TON blockchain, like Hamster Kombat’s HMSTR, which saw a 54% decline in price post-launch, CATS could experience selling pressure as users begin to offload their tokens.
