Catizen (CATI) Coin Skyrockets 1400% After Binance Listing

The Catizen (CATI) Coin made a strong entrance into the market, surging 1400% from its listing price of $0.08 to reach $1.2 before paring some of its gains.

The Catizen (CATI) coin has surged 1,400% since its listing on Binance, sparking a wave of interest among investors. Binance, one of the largest crypto exchanges, listed the TON-based token on September 20, enabling users to trade, purchase, and margin trade the token.

According to Binance’s announcement, CATI began trading on its Simple Earn, Convert, Margin, and Auto-Invest products. Users can invest in CATI using Simple Earn and flexible products from 10 UTC today. From September 23, investors can also buy the token via Auto-Invest.

Moreover, Binance has expanded support for the Catizen listing, allowing users to purchase the token with Visa, Mastercard, Google Pay, and Apple Pay. The CATI token can be sold using wallet balances on the exchange’s ‘buy crypto’ page.

The exchange has also introduced the CATI/USDT and CATI/FDUSD pairs for Cross and Isolated Margin trading, which became available at 12 UTC today. Traders can also trade Catizen Coins against BTC and other tokens using Convert with zero fees.

The listing on Binance marks a significant milestone for the Catizen coin, enabling access through multiple products and services, which will likely increase its visibility in the market.

Meanwhile, the Catizen (CATI) token price surged nearly 34% following the Binance listing. The CATI token climbed from an intraday low of $0.6989 to a peak of $0.9353. The highest point so far has been $0.9913, reflecting strong initial demand for the token.

The price action is consistent with previous listings on major exchanges, where tokens often experience significant price movements after being listed. Other coins, like Kadena (KDA), saw similar increases after being listed on Binance. The current market activity around the CATI coin appears to mirror this trend.

Recently, several TON-based tokens have been listed on Binance, including Ever (EVER) and Mobius (MOB). These tokens have also seen strong demand and price increases after being listed on the exchange.

However, some traders have expressed concerns regarding the token’s airdrop, which reportedly led to a large sell-off and a subsequent price decline. Despite the controversy, Catizen Coin has managed to sustain its momentum in the market. According to some technical analysis, the token may still reach $1.