CAT (Simon’s Cat) rose 1.08% in 24 hours.

Gate News Bot news, on September 3rd, according to CoinMarketCap data, CAT (Simon's Cat) is currently priced at 0.000007264 USD, with a rise of 1.08% in the last 24 hours, reaching a high of 0.0000081384 USD and a low of 0.0000069182 USD. The current market capitalization is approximately 53 million USD, an increase of 566,000 USD compared to yesterday. Currently, CAT ranks 554th in the market capitalization of Crypto Assets.

Simon's Cat Token is a token based on the Binance Smart Chain and Solana network. Its token distribution includes 30% allocated to presale investors, 22.30% for liquidity, 15% airdropped to FLOKI holders, 10% to the Simon's Cat Foundation, 5% for the treasury, 5% to market makers, and 12.70% airdropped to Binance holders. CAT is currently listed on over 50 exchanges, including Binance, OKX, Bybit, KuCoin, and other mainstream trading platforms.

Recent important news about CAT:

1️⃣ The encryption market's alert sentiment is rising, which may affect CAT's short-term performance Recently, well-known on-chain detective ZachXBT issued a warning about potential fraud related to a certain web3 project, raising concerns in the market regarding the presale of crypto assets. Although this warning is not directly aimed at CAT, it may lead investors to adopt a more cautious attitude towards emerging token projects, thereby affecting the market sentiment and short-term price performance of tokens like CAT.

2️⃣ Related track token CATI rises significantly, which may boost attention on the CAT market The token CATI (Catizen), which belongs to the "cat" theme along with CAT, has recently experienced a significant pump, with a 24-hour increase of 25.97%. This rise may attract widespread attention from investors towards "cat" themed tokens, indirectly bringing more market focus to CAT and potentially boosting its trading activity.

3️⃣ Web3 game platform innovations may provide development inspiration for CAT The Play 1.0 platform launched by Catizen showcases a new direction for bringing Web2 games onto the blockchain, including innovations such as NFT-ifying game assets and on-chain payments. These development trends may provide the CAT project team with new ideas for growth, inspiring innovation in gamification and ecosystem building, and are expected to bring long-term value enhancement to CAT.

From a technical perspective, CAT is currently showing a slight rise, but the increase is relatively moderate. Considering the current market's cautious sentiment towards emerging tokens, CAT may need to support its long-term value growth through more substantial ecological development and expansion of application scenarios.

This message is not intended as investment advice; investors should be aware of market volatility risks.