Simon's Cat memecoin locks $15M worth of $CAT and $BNB tokens using Floki's crypto locker protocol

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

Simon’s Cat, the 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 news via the official X account. These tokens are locked on the BNB Chain for an astonishing 420 million years.

The participation in this lock is valued at approximately $15 million in $CAT and $BNB tokens. By locking these resources, Simon’s Cat conveys a clear message to the crypto network about the sustainable value and security of the $CAT memecoin.

With the Simon’s Cat memecoin officially branded and boasting over 1.6 billion views on YouTube and a highly engaged following across other social media platforms, $CAT is poised to be among the top contenders in the memecoin space.

Some may wonder if this substantial lock bodes well for the future price of $CAT. The action is seen as a logical step towards making the memecoin more secure and credible for investors to invest in, which could lead to increased investment.

Recently, memecoins have gained significant momentum within the crypto sphere, largely due to the introduction of SunPump, an advanced version of a launchpad that has played a crucial role in making these digital assets more accessible. Moreover, the project is employing various creative strategies to foster community growth and establish a strong foundation within the competitive memecoin landscape.

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