Binance Futures Lists Simon's Cat (CAT) and the Future of Meme Coins
Binance Futures' Bold Move with Simon's Cat (CAT)
Binance Futures recently re-entered the meme coin scene with the launch of a USDⓈ-Margined $CAT Perpetual Contract on October 21st. Following this announcement, the price of Simon's Cat surged nearly 50%, and trading volume skyrocketed by an astounding 1100%.
Future Speculations on Meme Coins
As excitement builds, analysts are speculating on which meme coins might follow CAT onto the exchange. Notable mentions include Sundog, Degen, and Pepe Unchained.
Why the Interest in Meme Coins?
Binance's increasing listing of meme coins suggests that the exchange anticipates a potential meme coin supercycle is approaching. With CAT's successful entry into the market, it may set the stage for others to follow suit.
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