CATE Meme Coin Surges Over 230 Times in 1 Day
A community-driven meme coin called CATE has gained significant attention and market capitalization in a short span of time. The token's price surged over 230 times in a day, briefly reaching $9.5 million USD according to ChainCatcher's GMGN data. However, the current market capitalization is reported at $7.09 million USD.
The sudden popularity of CATE stems from a new kitten rescue video published by DOGE owner @kabosumama. The community user @HimothyGoggins speculated that the kitten's name might be 'Hiromi', but this claim has not been confirmed by Kabosu's owner.
Following the speculation, @thedevrrrrrrr suggested to 'run CATE like DOGE', and the token was created on Pump.fun. This move attracted the community's attention, contributing to the rapid increase in market capitalization.