Simon's Cat $CAT Token Surges Over 90% In The Last 24 Hours, Sniper Made $3M In 5 Hours

The official token of Simon's Cat, $CAT, made its debut on the BNB Chain yesterday and quickly gained traction, emerging as one of the top trending cryptocurrencies on X.

The official token of Simon's Cat, $CAT, debuted on the BNB Chain yesterday and quickly gained traction, emerging as one of the top trending cryptocurrencies on the exchange.

The token is now actively trading on major platforms such as KuCoin, Gate.io, MEXC, BingX, and PancakeSwap.

Simon's Cat official token $CAT is live and now trading ?

Contract Address:0x6894CDe390a3f51155ea41Ed24a33A4827d3063D

KuCoin: https://t.co/biKFnzeVZBGate: https://t.co/MBshCDIlQWMEXC: https://t.co/tY6TOsAvkyPancakeswap: https://t.co/h8Ae8eJako

Let's play on BNB ? pic.twitter.com/ekMFKlTFFz

— Simon's Cat Token (@SimonsCatMeme) August 22, 2024

Ahead of the launch, Binance, the largest cryptocurrency exchange globally, announced its support for the Simon's Cat $CAT airdrop, which was distributed to $FLOKI holders on the platform. This endorsement from Binance, along with backing from @RealFlokiInu and @bnbchain, has helped fuel the token’s rapid ascent.

Binance Will Support the Simon’s Cat ( $CAT ) Airdrop to $FLOKI Holders

Binance, the world’s largest cryptocurrency exchange, will support the Simon’s Cat / $CAT airdrop to $FLOKI holders on its platform.

You can read the full details of the announcement here:… pic.twitter.com/23tqY1br92

— FLOKI (@RealFlokiInu) August 20, 2024

$CAT Surges Over 90% In The Last 24 Hours

In the past 24 hours, $CAT has soared by over 90%, pushing its market capitalization beyond the $225 million mark. The buzz around the token has not only captured the attention of investors but also provided lucrative opportunities for traders.

One notable incident involved a sniper who managed to earn a staggering $3 million in just five hours. This trader initially invested 2,500 $BNB (approximately $1.46 million) to purchase 318.87 billion $CAT tokens during the same transaction where liquidity was added. Shortly after, the sniper sold all 318.87 billion $CAT for around 7,639 $BNB (roughly $4.45 million), resulting in a profit of 5,139 $BNB, equivalent to $3 million.

A sniper made $3M in just 5 hours by sniping $CAT!

This guy spent 2,500 $BNB($1.46M) to buy 318.87B $CAT at the same tx where the liquidity was added.

Then he sold all 318.87B $CAT for ~7,639 $BNB($4.45M), making 5,139 $BNB($3M).https://t.co/faH6Onvkqw pic.twitter.com/lpvogBYQSa

— Lookonchain (@lookonchain) August 23, 2024

With such rapid growth and strong backing, Simon's Cat $CAT token has quickly become a hot topic in the crypto community, and its performance in the coming days will be closely watched by both investors and traders alike.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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