Meme coin CATE's market cap surpasses $107 million, up over 14.7% in 24 hours.

BlockBeats news, September 26, according to GMGN market data, the market capitalization of Solana chain Meme coin CATE has surpassed $107 million, currently reported at $103 million, with a 24-hour increase of over 14.7%, and 24-hour trading volume reaching $6.1 million.

Previously, on July 26, Atsuko Sato, the owner of the Shiba Inu Kabosu that inspired Doge, posted a video of a kitten. The community quickly launched a token on Pump.fun, positioning it as the "successor to Doge / cat version of Doge," continuing the Meme culture of "dogs first, now it's cats' turn." Subsequently, Atsuko Sato posted a clarification stating that the series of CATE tokens recently circulating in the market have no connection to her. She stated that she had only posted a update on Instagram, but the content was later used by others without authorization to issue fake tokens, creating the illusion of an association with her. She expressed regret over this and pointed out that among the accounts involved in spreading related information were even some influential users on the X platform.

BlockBeats reminds users that Meme coins mostly lack practical use cases, prices are highly volatile, and investment requires caution.