CATS token surged by 703.40% after being listed on top exchanges like Bybit, KuCoin, and Bitget. According to Coinmarketcap stats, the token surged by 96.73% in the last 24 hours. It is is worth noting that CATS is one of the crypto game projects hosted by the Telegram mini app.
Trading volume increased by 1,734% as the market showed huge interest, but with more tokens coming to market, there is potential for selling off. The team announced the listing to subscribers on their telegram (CATS community).
CATS Price Soars After Multiple Exchange Listings
The CATS token has seen a dramatic price increase since being listed on Bybit, KuCoin, Bitget, and Haskey today. The listing went live earlier today at around 10:00 UTC.
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As a result, CATS price increased to $0.0001826, a 703.40% increase in value over the last month. Due to the broader interest from market participants, trading activity for the token spiked by 1,734% over the previous 24 hours to $296,636.
Community Engagement and Airdrops Fuel CATS Price Surge
The price of the CATS token increased due to airdrop distribution to active community members. In Season 1, market activity was boosted with 180 billion tokens (30% of the total supply) airdropped to engaged users.
Momentum has continued with the launch of Season 2. It introduces the concept of AI photo farming and CAT-themed profile pictures to increase user engagement in the CATS ecosystem. With these new features, the project has become more visible, attracting new investors and contributing to the token’s notable price surge.
User @CapoXcrypto shared on x a screenshot of his received reward of 200,000 CATS tokens. The user still aims to make at least $60 if the price hits $0.003.
Price Drop Concerns as Airdropped Tokens Enter Market
As CATS price continue to surge, more airdropped tokens are expected to arrive on the market, leading to more selling pressure.
Other recently launched memecoins, such as Catizen (CATI), have seen similar price declines following an initial surge. As more CATS tokens become tradable, the token may also see similar problems when sell-offs increase.
CAT token predictions suggest that if the season 2 marketing strategy is successful, the token is likely to reach $0.0001. However, because of its low market cap, the CAT is still prone to sharp market volatility.
