30s Summary

The CAT token, a memecoin linked to Simon’s Cat, is planning to expand to the Solana blockchain, which has been popular among traders for its high-speed, low-cost network. Early access to CAT will be given to BONK token holders who have kept their tokens for 12 months, and a vault is offering $100,000 worth of CAT. Solana has seen surges in token activity, with its fees for a 24-hour period once reaching $3.2 million. The Simon’s Cat token has appreciated 11% in the past day and almost doubled in two weeks.

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So, here’s the scoop: That adorable memecoin linked to Simon’s Cat, known as CAT, is setting its sights on expanding to the Solana blockchain. Why? They’re aiming to engage with the bustling trading community there.

And here’s something sweet for BONK token holders who’ve kept their tokens locked away for 12 months: early access to CAT! Plus, a vault offers up to $100,000 worth of CAT at prices friendlier than the launch rate.

Solana’s been buzzing as the “it” place for memecoin activities. Traders are flocking there, helping the Solana environment become the hub of token trading and innovations.

Let’s dive deeper into this vault. It’s already over-filled, reaching over double its original $100,000 target, and counting $240,000 worth of stablecoins deposited for CAT on Solana.

Looking back, Solana has had quite a year. It’s seen surges of token activity rarely seen on other networks. Around March, Solana tallied a whopping $3.2 million in fees in 24 hours, smashing its previous $300,000 record. CoinDesk analysis shows that other blockchains like Ethereum, BNB Chain, or Tron didn’t experience this kind of action, proving Solana’s appeal to traders.

The dynamics of Solana are a big reason why CAT is making a move. At its core, the team at Simon’s Cat sees Solana’s high-speed, low-cost network as a magnet for retail traders and memecoin enthusiasts.

An anonymous insider from the Simon’s Cat team shared with CoinDesk their excitement about tapping into Solana’s advantages, including wider trading and liquidity opportunities. They teased a packed roadmap, hinting at developments yet to come.

The Simon’s Cat token, created in early August with Floki, BNB Chain, and DWF Labs, is the first major cat memecoin on the BNB Chain and is officially connected to the renowned Simon’s Cat brand. Last year, the company raked in a revenue of $5.8 billion.

A cherry on top: CAT has seen an 11% increase in the past 24 hours and nearly doubled its value in the past two weeks – all part of a wider memecoin rally.