Key Points
- Binance Futures will launch the 1000CATUSDT Perpetual Contract at 12:30 UTC with up to 75x leverage.
- Following the announcement, CAT’s price surged by 43%.
Binance announced the launch of 1000CATUSDT Perpetual Contract, later today at 12:30 UTC, with up to 75x leverage.
Binance Futures continues to launch perpetual contracts to offer users an extended choice of trading options along with an enhanced trading experience. The exchange launched a notable number of futures in August and September.
The team behind Simon’s Cat project also revealed the important listing via their X account earlier today.
Following the exchange’s announcement, the price of CAT surged significantly.
CAT Price Surges Following Binance Futures’ Announcement
The price of Simon’s Cat (CAT) token surged by over 40% after Binance announced the futures trading launch for CAT. At the moment of writing this article, CAT’s total market cap is over $229.4 million.
Ahead of Binance’s announcement, CAT’s price had a descendant trend during the past week, starting October 15, ahead of today’s significant surge. The token reached its ATH back on September 21, 2024.
Earlier today, BNB Chain announced that the winner of its Meme Heroes program was Simon’s Cat (CAT).
What is Simon’s Cat (CAT)?
Simon’s Cat token is the officially endorsed meme coin, backed by full IP rights from the iconic Simon’s Cat brand.
The project originates from the British animated series created by Simon Tofield which gained more than 1.6 billion views on its official YouTube channel and even more across various social networks.
