In a bold move, Simon’s CAT, a prominent Memecoin, locks $CAT and $BNB tokens worth $15 million through Flocki’s crypto locker protocol. Out of 9T $CAT’s supply, a significant portion of $CAT has been locked sparking different speculation in the crypto market. Floki shared this groundbreaking news through the X account.
Simon’s Cat has locked over $15 MILLION worth of $CAT LP tokens using #Floki’s mainstream crypto locker protocol, #FlokiFi Locker!
Specifically, @SimonsCatMeme has locked a combined $15 million worth of $CAT and $BNB tokens on the #BNB Chain for 69 billion years and 420 million… https://t.co/fQ1ObbQyHb pic.twitter.com/8glczWVTa0
— FLOKI (@RealFlokiInu) August 24, 2024
If we look at the top 10 searched crypto assets of the last 24 hours, $CAT secures the second, most searched memecoin. After the launch of SunPump, memecoins have got a prominent demand from the crypto community. This strategic move can pump $CAT’s price value.
Simon’s Cat Locks $CAT & $BNB Through Floki Locker
As per the states shared by Floki, Simon’s Cat has locked $CAT and $BNB combined valued at around $15 million using Flocki’s locker protocol. This significant lock demonstrates the Simon’s Cat team’s commitment to security and trust in Floki’s locker protocol.
Moreover, it also sends a signal to the crypto market about the long-term stability of Simon’s Cat memecoin. Simon’s Cat memecoin is fully backed by the Simon’s Cat IP and is known to be the one of leading memecoins. This strategic lock has aroused speculation about the potential pump in $CAT’s price in the coming time.
Memecoins Are Ruling the Crypto Market
After the launch of SunPump, the advanced launchpad, memecoins have got significant attention from the crypto community during the last few days. And, different memecoins are adopting advanced strategies to expand their community and Simon’s Cat is leading the trend in this regard.