Floki [FLOKI] has revealed that Binance will support an airdrop of the Simon’s Cat [CAT] token for users holding FLOKI on the exchange. This initiative is part of Floki's broader strategy to reward its community while introducing Simon’s Cat, a new meme coin, to the market.
In an official blog post published on August 20, Floki outlined the details of the airdrop, which will be based on a snapshot taken by Binance on August 29 at 23:59:59 UTC. Binance users holding FLOKI at the time of the snapshot will automatically receive CAT tokens without needing to transfer their holdings off the platform. The number of CAT tokens received will correspond to the amount of FLOKI held by each user.
Hold $50 in FLOKI to Receive Free CAT Tokens
To qualify for the airdrop, participants must hold a minimum of 400,000 FLOKI on Binance, equivalent to approximately $50 at current market prices. Binance will take a snapshot of FLOKI balances at the specified time and distribute CAT tokens directly to eligible accounts.
The total airdrop pool for this event is 900 billion CAT tokens, which represents 20% of Simon’s Cat’s total supply. Users who meet the requirements will receive CAT tokens at a 1:1 ratio based on their FLOKI holdings. The distribution process will be automatic, requiring no additional action from users.
Simon’s Cat and Strategic Partnerships
Simon’s Cat is a new meme coin set to launch on the BNB Chain with a total supply of 9 trillion tokens. The project successfully raised $4.25 million during its presale by offering 17% of its total token supply to early investors.
The partnership between Floki and Simon’s Cat, alongside the involvement of DWF Labs, aims to broaden the reach of both projects within the crypto ecosystem. The Simon’s Cat airdrop for FLOKI holders is just one of several distribution events planned, with Floki Trading Bot users and other members of the crypto community across major centralized exchanges also set to benefit.
FLOKI Price Surges Following Announcement
Following the announcement that Binance would support the Simon’s Cat airdrop, FLOKI saw a notable market reaction. The price of FLOKI surged nearly 7% as traders rushed to acquire tokens ahead of the August 29 snapshot.
As of the latest data, FLOKI was trading at $0.00012373, with its market cap rising to $1.19 billion, reflecting a 3.84% increase. Additionally, trading volume soared by 115.87%, reaching $282 million in the last 24 hours.
