In a strategic move set to capture new market segments, the licensed memecoin CAT, based on the beloved cartoon character Simon’s Cat, is expanding its reach to the Solana blockchain. This calculated maneuver aims to tap into Solana’s vibrant trading community and potentially ignite a sustained bullish trend for the feline-themed digital asset.
Exclusive Benefits for BONK Holders
As part of the expansion, long-term holders of Solana’s canine-themed memecoin BONK, who have locked their tokens for a 12-month period, will gain early access to CAT on the Solana network. A dedicated vault will offer up to $100,000 worth of CAT at a discounted rate compared to the market price upon launch.
According to inside sources, the vault has already surpassed its initial $100,000 target within the first few hours of the Asian morning trading session, with $240,000 in stablecoins deposited for CAT on Solana. This overwhelming response underscores the excitement surrounding the memecoin’s cross-chain expansion.
Solana: A Memecoin Powerhouse
In recent years, Solana has emerged as a hotbed for memecoin activity, often witnessing frenzied periods of token issuance and trading. This has created a self-reinforcing cycle of demand for SOL, the native cryptocurrency of the Solana blockchain, with profits frequently flowing into newer tokens.
The intensity of memecoin trading on Solana is unparalleled, as evidenced by the network’s ability to generate substantial fees and trading volumes. In March of this year, Solana accumulated an impressive $3.2 million in fees within a 24-hour period, shattering the previous record of $300,000 set in 2021.
BNB has given $CAT a solid and reliable foundation with strong liquidity, but we’re thrilled to open the gates to Solana’s high-speed, low-cost network, which is hugely popular among retail traders and the memecoin crowd.
– Anonymous member of the Simon’s Cat CORE team
Expanding Opportunities and Liquidity
The decision to expand CAT to Solana was primarily driven by the network’s deep exchange support, which promises increased trading opportunities and liquidity for the memecoin. The Simon’s Cat team views this as a significant boost to the token’s long-term prospects.
An anonymous member of the Simon’s Cat CORE team shared their enthusiasm for the expansion, stating:
The deep support of Solana from exchanges means even more trading opportunities and liquidity, which is a major boost. And we’re just getting started – there’s a lot more on our roadmap.
– Simon’s Cat CORE team member
The Power of IP Backing
Launched in early August on the BNB Chain in collaboration with FLOKI and DWF Labs, CAT is the first major cat-themed memecoin on the BNB Chain to be officially linked to the mainstream Simon’s Cat brand. With the IP company behind Simon’s Cat generating $5.8 billion in revenue last year, CAT benefits from the strength and recognition of an established brand.
Riding the Memecoin Rally
The expansion to Solana comes amidst a broader memecoin rally, with CAT posting an 11% increase over the past 24 hours and nearly doubling its value in the last two weeks. As the memecoin market continues to heat up, the strategic move to tap into Solana’s ecosystem could provide a significant boost to CAT’s long-term prospects.
With the successful filling of the discount vault and the overwhelming response from the Solana community, all eyes are now on CAT as it embarks on this new chapter of cross-chain expansion. As the memecoin space continues to evolve and mature, strategic partnerships and ecosystem expansions like this could become increasingly crucial in determining the long-term winners in this highly competitive and dynamic market.
According to inside sources, the vault has already surpassed its initial $100,000 target within the first few hours of the Asian morning trading session, with $240,000 in stablecoins deposited for CAT on Solana. This overwhelming response underscores the excitement surrounding the memecoin’s cross-chain expansion.
Solana: A Memecoin Powerhouse
In recent years, Solana has emerged as a hotbed for memecoin activity, often witnessing frenzied periods of token issuance and trading. This has created a self-reinforcing cycle of demand for SOL, the native cryptocurrency of the Solana blockchain, with profits frequently flowing into newer tokens.
The intensity of memecoin trading on Solana is unparalleled, as evidenced by the network’s ability to generate substantial fees and trading volumes. In March of this year, Solana accumulated an impressive $3.2 million in fees within a 24-hour period, shattering the previous record of $300,000 set in 2021.
BNB has given $CAT a solid and reliable foundation with strong liquidity, but we’re thrilled to open the gates to Solana’s high-speed, low-cost network, which is hugely popular among retail traders and the memecoin crowd.
– Anonymous member of the Simon’s Cat CORE team
Expanding Opportunities and Liquidity
The decision to expand CAT to Solana was primarily driven by the network’s deep exchange support, which promises increased trading opportunities and liquidity for the memecoin. The Simon’s Cat team views this as a significant boost to the token’s long-term prospects.
An anonymous member of the Simon’s Cat CORE team shared their enthusiasm for the expansion, stating:
The deep support of Solana from exchanges means even more trading opportunities and liquidity, which is a major boost. And we’re just getting started – there’s a lot more on our roadmap.
– Simon’s Cat CORE team member
The Power of IP Backing
Launched in early August on the BNB Chain in collaboration with FLOKI and DWF Labs, CAT is the first major cat-themed memecoin on the BNB Chain to be officially linked to the mainstream Simon’s Cat brand. With the IP company behind Simon’s Cat generating $5.8 billion in revenue last year, CAT benefits from the strength and recognition of an established brand.
Riding the Memecoin Rally
The expansion to Solana comes amidst a broader memecoin rally, with CAT posting an 11% increase over the past 24 hours and nearly doubling its value in the last two weeks. As the memecoin market continues to heat up, the strategic move to tap into Solana’s ecosystem could provide a significant boost to CAT’s long-term prospects.
With the successful filling of the discount vault and the overwhelming response from the Solana community, all eyes are now on CAT as it embarks on this new chapter of cross-chain expansion. As the memecoin space continues to evolve and mature, strategic partnerships and ecosystem expansions like this could become increasingly crucial in determining the long-term winners in this highly competitive and dynamic market.
