TL;DR
- Binance expanded support for Simon’s Cat (CAT) by including it in multiple trading programs.
- The token reacted to the news with a rapid price increase.
The Binance-Fueled Pump
The world’s biggest cryptocurrency exchange recently added further support for the meme coin launched on the BNB chain – Simon’s Cat (CAT). First, it included it in its HODLer Airdrops Portal. The program rewards BNB holders with token distributions based on historical snapshots of their balances.
“By subscribing BNB to Simple Earn, users are automatically eligible for HODLer Airdrops (as well as Launchpool and Megadrop rewards),” Binance explained.
The company said it will distribute 1,143,000,000,000 CAT (12.7% of the token’s maximum supply) to lucky users.
Shortly after, Binance listed the meme coin with a seed tag. The exact trading pairs available to users are CAT/USDT, CAT/BNB, CAT/FDUSD, and CAT/TRY. It is worth noting that the seed tag category identifies newly listed and innovative cryptocurrency projects that may carry higher risk and volatility.
Earlier today (December 17), the exchange doubled down on its support for Simon’s Cat, adding it to the Binance Simple Earn, “Buy Crypto,” Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures programs.