CATS, the meme coin built on the TON blockchain, has experienced an extraordinary 691% price increase in the past 24 hours. The token surged from $0.000067 to an intraday high of $0.00053, according to CoinMarketCap data. As of the latest figures, CATS is trading at $0.000223, maintaining a 259% gain within the span of a single day.

Trading Activity and Market Capitalisation

The sharp rise in CATS’ price has been accompanied by a significant uptick in trading volume, which soared by 13 times to approximately $267,000. The token’s market capitalisation is currently around $294.4 million. The sudden surge has led CATS to trend on Google, gaining attention from both investors and users alike.

Exchange Listings and Airdrop

CATS is poised to be listed on multiple major exchanges, including Bybit, KuCoin, Bitget, and Hashkey, on October 8 at 10:00 UTC. This event will allow users to withdraw their airdropped tokens from Season 1 of the project. The airdrop distribution was based on various metrics such as account age, premium status, and activity on Telegram.

Community Growth and Season 2 Launch

The launch of CATS’ Season 2 marks the next phase for the token, introducing features like AI photo farming and unique CAT-themed profile pictures to increase user engagement. The project has allocated 55% of its total supply for airdrops, with 30% of this reserved for the initial Season 1 distribution.

However, the project may face challenges ahead as a large number of airdropped tokens enter circulation. Similar meme coins on the TON blockchain, such as Hamster Kombat’s HMSTR, have experienced price declines post-launch, suggesting potential selling pressure for CATS in the near future.