Simon’s Cat (CAT) Meme Coin Airdrop: Key Details and Insights

Key Takeaways

• The Simon’s Cat (CAT) meme coin airdrop on August 29 will distribute 20% of the total $CAT supply to Floki Inu (FLOKI) holders with at least 400,000 $FLOKI tokens.
• Distribution of $CAT tokens will be proportional to each holder's $FLOKI balance and is expected to occur within 2-3 weeks after the snapshot.
• A portion of the $CAT supply (1.5%) will be allocated to Floki Inu Trading Bot users, with details yet to be disclosed.

The much-anticipated Simon’s Cat (CAT) meme coin airdrop is scheduled for August 29, offering a significant opportunity for Floki Inu (FLOKI) holders. 

As part of the event, 20% of the total $CAT supply will be distributed to $FLOKI holders. 

To be eligible for this distribution, users must have a minimum of 400,000 $FLOKI tokens in their on-chain wallet by the snapshot time.

Floki Inu and Simon’s Cat: What You Need to Know About the Upcoming Airdrops

Both Floki Inu and Binance will handle their respective coin airdrop distributions independently. The distribution of tokens is expected to occur within 2-3 weeks following the snapshot. For those participating on-chain, Simon’s Cat will allocate 315 billion CAT tokens, which constitutes 3.5% of the total supply. 

This distribution will be proportional to each holder's $FLOKI balance, meaning those holding more than the minimum required tokens will receive a larger portion of the airdrop.

It is crucial to note that any transfer or sale of $FLOKI tokens between the initial snapshot on August 22 and the final snapshot on August 29 will disqualify holders from receiving the airdrop.

In addition to the main airdrop, Simon’s Cat has earmarked 1.5% of the $CAT supply for Floki Inu Trading Bot users. This portion will be distributed over a 30-day period, rewarding those who trade $CAT through the bot. Details regarding this specific airdrop remain undisclosed.

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Simon’s Cat Token: From Zero to Hero with a 69% Surge and Strategic Burns

Since its debut on August 23, 2024, Simon’s Cat (CAT) has emerged as the premier cat-themed memecoin on the Binance Smart Chain (BNB Chain). The token has experienced a remarkable 69% increase in value within a few days. 

On August 27, CAT peaked at $0.0000286. Factors contributing to this surge include strategic token burns and listings on prominent exchanges such as Gate.io and HTX. A significant burn of 900 billion CAT tokens, representing 10% of the total supply, has further boosted the token’s value.

Despite a recent 4.85% decline, Simon’s Cat’s current price stands at $0.000022. The token's 24-hour trading volume is $78.54 million, and its market capitalization is approximately $170 million.

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FAQs:

• What is the requirement to qualify for the Simon’s Cat airdrop? Users must hold a minimum of 400,000 $FLOKI tokens in their on-chain wallet by the snapshot date.
• When will the $CAT tokens be distributed after the snapshot? The distribution is expected to occur within 2-3 weeks following the snapshot.
• What happens if I transfer or sell $FLOKI tokens between August 22 and August 29? Any transfer or sale of $FLOKI tokens during this period will disqualify you from receiving the airdrop.