FLOKI Rises 10% as Binance Announces Simon’s Cat (CAT) Airdrop for Meme Coin Holders

• FLOKI Announces Binance Support for Simon’s Cat (CAT) Airdrop for Meme Coin Holders on the Exchange.
• The exchange will take a snapshot on August 29 at 23:59:59 UTC and airdrop based on it, according to an official announcement.
• FLOKI is up nearly 7% on the day, trading at $0.00012729.

FLOKI is the sixth largest meme coin by market cap and the meme token rose by double digits on Tuesday. Binance has announced the release of the Simon’s Cat (CAT) token for FLOKI holders on its exchange, and traders are racing to buy FLOKI before August 29.

FLOKI CAT support bag airdrop on Binance

Binance, one of the largest cryptocurrency exchanges by volume, has announced its support for the release of Simon’s Cat tokens to FLOKI holders. The exchange will take a snapshot on August 29, 2024 at 23:59:59 UTC, according to an official announcement. The exchange will reveal final details such as the tokens sent to FLOKI holders and additional criteria at the time of the snapshot.

In a blog post, the FLOKI team shared requirements such as holding at least 400,000 FLOKI on Binance, regardless of the value of the US dollar. All FLOKI holders who qualify will receive a share of CAT’s 900 billion tokens. It will be distributed proportionally to the user in relation to 1 CAT for 1 FLOKI token.

FLOKI airdrop criteria

FLOKI grows by 7%

FLOKI is trading at $0.00012373 at the time of writing. The sixth largest meme coin could extend gains by another 13.3% and reach the upper limit of the fair value gap (FVG) between $0.00014039 and $0.00013453.

The Relative Strength Index (RSI) reads 43.49 and is climbing towards neutral at 50.

FLOKI/USDT Daily Chart

FLOKI could find support at the August 5 low of $0.00009585 in the event of a correction in the meme currency.