The world’s leading spot crypto exchange has listed the first cat-themed meme coin, and it isn’t Popcat.
Binance Spot has announced that it will launch Simon’s Cat on Tuesday, along with a new meme coin Pudgy Penguins (PENGU).
#Binance is excited to announce @SimonsCatMeme $CAT and @pudgypenguins $PENGU on Binance HODLer Airdrops!The Airdrop page will be available on the Binance Airdrop Portal in 10 hours. Plus, these tokens will be listed on Binance soon!➡️ https://t.co/xOx2FMBPGS pic.twitter.com/w7MpUAkJYI
— Binance (@binance) December 16, 2024
With the first domino down, experts are projecting a spree of cat meme coin listings on Binance. Popcat, Mog Coin and Catslap are some of the projects drawing Binance rumours.
Binance Spot To List Simon’s Cat - How High Can The Meme Coin Go?
Simon’s Cat is establishing itself as a blue-chip meme coin for the 2025 supercycle.
The CAT coin secured a Binance Futures listing earlier this year and will go live on Binance Spot on Tuesday.
Moreover, it is a multi-chain meme coin. Already a top project on the BNB Chain, Simon’s Cat also went live on Solana earlier this year. This means it can benefit from rallies in both BNB and SOL, considering smart money investors view meme coins as beta bets on their respective blockchains.
Prominent crypto experts are extremely bullish on CAT’s upside potential. Legendary trader Unipcs, aka “the Bonk guy”, believes that it could flip Popcat’s market capitalization in the coming months.
Similarly, crypto investor Poseidon offloaded his Ethereum holdings and swapped it for Simon’s Cat. The timing couldn’t be better, considering the CAT price has skyrocketed by nearly 50% following its Binance spot listing.
You all questioned me yesterday about why I’m selling my $ETH for $CAT,Here’s the answer. pic.twitter.com/9LF14FRobL
— Poseidon (@CryptoPoseidonn) December 16, 2024
There is growing consensus that Simon’s Cat is the next billion-dollar meme coin. Considering it currently has a market cap of just $422 million, sidelined investors could still see outsized returns from it.
However, swing traders should be careful while trading CAT’s post-Binance launch price action. The meme coin is launching on Binance as a part of the HOLDer Airdrop program. Airdrop winners could look to secure their profits, which could result in a short-term correction in the token price.
Is Catslap The Next Binance Listing?
Catslap (SLAP), a new cat-themed token, is going viral and drawing Binance rumours.
Inspired by the viral “slapping cat” meme, the token saw an 8,400% rally following its fair launch.
Catslap isn’t an ordinary meme coin. For instance, its deflationary token supply - the result of regular burn events and a buyback program - separates it from the run-of-the-mill coins on the market.
Even its viral slap-to-earn game enhances the deflationary tokenomics, burning a set amount of tokens whenever the 'slapometer' reaches specific milestones.
The meme coin also has strong community support. For instance, its holder count continues to surge, as does its social media following. Over $2 million worth of SLAP coins have also been staked and earning 40% APY, a sign of strong community trust.
The project has recently launched a “Slap-to-Earn” quest, which promises $100,000 USDT for the top 10 slappers and SLAP airdrops to the rest. Unsurprisingly, the challenge is going viral.
The Catslap price has pulled back from its all-time high as the early buyers locked in their profits. However, it has bounced back up from a key support level, which is typically when Binance announces its listings.
Considering that Catslap is still a microcap meme coin with a $21 million valuation, smart money investors are eyeing outsized returns from it.
For instance, popular crypto trader ClayBro believes that up to 50x returns could be a possibility for SLAP.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
