Simon Cat (CAT), the first major cat-themed memecoin on Binance Smart Chain, has surged 73% since its launch on August 23, 2024, driven by strong marketing, token burns, and anticipation of an airdrop set for August 29, 2024. The airdrop will distribute 20% of CAT's total supply to Floki holders, further boosting interest. However, with 30% of the supply held by presale investors, potential risks remain for those considering an investment.
