CATE Memecoin Skyrockets 230x on Viral Kitten Video

The Solana-based memecoin CATE saw an incredible surge in market capitalization, rising by approximately 230-fold in just one day.

This rapid price action was triggered by a post on X from @kabosumama, the owner of Kabosu, featuring a video of a kitten that went viral among Dogecoin enthusiasts.

The CATE token's name and branding directly reference the cat in the video, taking advantage of the existing emotional attachment to Kabosu.

However, memecoins like CATE are known for their extreme price volatility, often driven by social media virality rather than fundamental value. The token's market cap rose to over $9.5 million before falling back to around $7.09 million.