Cryptocurrency Project Floki Announces Binance Will Support Upcoming Airdrop of Simon's Cat Meme Coin for FLOKI Token Holders

Floki (FLOKI) has announced that Binance, the world's largest crypto exchange, will support the upcoming airdrop of Simon's Cat for holders of the FLOKI token.

Binance, the world’s largest crypto exchange, will support the upcoming airdrop of meme coin $CAT for holders of the FLOKI token.

According to a blog post published by Floki (FLOKI) on Aug. 20, Binance will support the airdrop following a snapshot that the exchange will take on August 29, 2024.

“If you hold FLOKI on Binance, you do not have to move your tokens off Binance as you will be airdropped $CAT directly to your Binance account,” the Floki team noted in the announcement.

Floki users need to hold 400,000 FLOKI on Binance for the airdrop, which translates to roughly $50 in tokens at current prices. The CAT airdrop for FLOKI holders will distribute a total of 900 billion CAT tokens, representing 20% of the total supply that Simon’s Cat has allocated to the Floki community.

Simon’s Cat is a meme coin with a total supply of 9 trillion CAT that will launch on the BNB chain. Floki and DWF Labs are key partners in the project, which raised $4.25 million in a presale by offering 17% of the supply to early buyers.

The Simon’s Cat airdrop will also benefit Floki Trading Bot users and members of the crypto community across top centralized exchanges.

Meme coins have become a significant part of the crypto ecosystem, contributing to trading activity and volumes on chains like Solana (SOL) and Base (BASE). However, the meme coin craze has slowed down in recent months, with volumes on Solana dropping significantly.

Traders on Pump.fun, a platform that allows for the launch of instantly tradable tokens, have also largely been亏损的.

Despite this, the ecosystem still attracts considerable interest among enthusiasts, with Tron’s meme coin fair launch platform SunPump being the latest entrant in the market. Tron (TRX) founder Justin Sun is bullish on the meme coins market on the TRON network.

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