Simon’s Cat, a popular meme and animated series, has locked over $15 million worth of $CAT and $BNB tokens using Floki’s crypto locker protocol, FlokiFi Locker. Floki announced this revolutionary news via the official X account. These tokens are locked on the BNB Chain for an astonishing 420 million years which means they will not be available for generations. This move demonstrates Simon’s Cat’s dedication to security and confidence in employing Floki’s locker protocol, which has received many positive reviews in the market.
$15M Lock in $CAT and $BNB Tokens Signals Confidence in Memecoin’s Future
To form the lock, participants use $CAT and $BNB tokens, which are valued at approximately $15 million in total. By safeguarding these resources, Simon’s Cat conveys a clear message to the crypto network about the sustainable value and security of the $CAT memecoin. benefiting from the official branding associated with Simon’s Cat memecoin is poised to be among the top contenders in the memecoin space with the Simon’s Cat brand enjoying over 1.6 billion views on YouTube and a highly engaged following across other social media platforms.
People are beginning to question whether the price of $CAT is likely to rise in the future, thanks to this substantial lock. The action is viewed as a logical action towards creating the memecoin’s credibility for investors to invest in and making it secure, more investments will be made.
The memecoins have been making waves within the crypto space, particularly after the introduction of what is known as SunPump which is an upgraded version of a launchpad that helped in availing these digital assets. Next, the project is choosing various creative approaches to grow the community and become firmly grounded in the volatile memecoin space.
