CAT Meme Coin Airdrop: Floki Inu, Simon's Cat Token Team Shares an…

Key Takeaways:

Simon’s Cat airdrop snapshot is on August 29, 2024
Floki holders should have a minimum of 400,000 FLOKI tokens to qualify for the CAT airdrop.
Airdrop distributes 3.5% of CAT’s total supply to eligible holders.

CAT Meme Coin Airdrop: Floki Inu, Simon's Cat Token Team Shares an Important Update

LUCKNOW (CoinChapter.com) — The Simon’s Cat (CAT) meme coin airdrop will take place on Aug. 29. Floki Inu coin holders (FLOKI) will benefit directly from this airdrop. Through the airdrop, the Simon’s Cat team will distribute 20% of the total $CAT supply to holders of $FLOKI.

Floki Inu Team Shares an Important Update about CATS airdrop — Source: X

To qualify for the CAT token airdrop, users must hold at least 400,000 $FLOKI tokens in their on-chain wallet or Binance account by the snapshot time. Both Floki and Binance will manage their coin airdrop distributions independently, and tokens are expected to be released within 2-3 weeks after the snapshot.

For those participating on-chain, Simon’s Cat will distribute 315 billion CAT tokens, representing 3.5% of the total supply.

The distribution will be proportional to each holder’s FLOKI balance. It means that those who hold more than the minimum required Floki Inu token will receive a larger share of the airdrop. However, transferring or selling FLOKI tokens between the first snapshot on August 22 and the final snapshot on August 29 will disqualify holders from receiving the airdrop.

Additional CAT Token Airdrop Opportunities For Floki Inu Trading Bot Users

Beyond the main airdrop, Simon’s Cat has also allocated 1.5% of the $CAT coin supply to Floki Inu Trading Bot users. This portion will be distributed over a 30-day period, offering rewards to those who trade $CAT through the bot during this time. The team has not disclosed details about this specific airdrop yet.

Since its launch on Aug. 23, 2024, Simon’s Cat (CAT) has become the first major cat-themed memecoin on the Binance Smart Chain (BNB Chain). In just a few days, the token has soared by 69%. On Aug. 27, CAT reached a daily high of $0.0000286.

Several factors fueled this recent surge in CAT’s price, including strategic token burns and listings on major exchanges such as Gate.io and HTX.

A notable burn of 900 billion CAT tokens (10% of the total supply) has also increased the token’s value. Despite the recent 4.85% decline, Simon’s Cat price currently stands at $0.000022, with a 24-hour trading volume of $78.54 million and a market capitalization of approximately $170 million.