Simon’s Cat ($CAT) has emerged as the only Binance Smart Chain (BSC) token to break into the top 20 positions of Wintermute’s Memecoin market-making portfolio.
This marks a significant milestone for the token, which has been gaining traction among traders and market makers alike.
Wintermute, a leading crypto market maker, appears to have intensified its focus on $CAT starting September 24, 2024.
On that day, 421 million tokens were withdrawn from major exchanges and saw heightened trading activity over the following five days. This surge in activity contributed to a notable 24% increase in $CAT’s price over the past month.
Simon’s Cat ( $CAT) 已成为 Wintermute Memecoin 做市持仓 TOP20 中唯一一个 BSC 网络代币💡
Wintermute 或从今年 9.24 开始成为 CAT 做市商，当天从各大交易所提出 4.21 亿枚代币，并在近五天频繁交易，近一个月币价已上涨 24%📈
目前 Wintermute 持有 838 万美金的 CAT，在 Meme 中持仓排名第 9 https://t.co/6ARswDYHYH pic.twitter.com/RNWRapmBfJ
— Ai 姨 (@ai_9684xtpa) November 25, 2024
Wintermute Currently Holds $8.38 Million Worth Of $CAT
As of now, Wintermute holds $8.38 million worth of $CAT, placing it 9th among its meme token holdings. This development underscores $CAT’s growing prominence within the memecoin ecosystem on the BSC network.
While $CAT leads as the standout BSC token in Wintermute’s portfolio, it’s worth noting that $FLOKI, another popular memecoin, is deployed on both the BSC and Ethereum mainnets. Currently ranked 19th in Wintermute’s on-chain holdings, $FLOKI could also be considered a significant BSC network token.
The growing attention on $CAT highlights the evolving dynamics of the memecoin market and the increasing role of professional market makers like Wintermute in shaping token liquidity and visibility. With $CAT’s rising popularity and robust trading activity, it will be interesting to see how the token continues to perform in the competitive memecoin space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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Source: https://nulltx.com/simons-cat-cat-secures-top-spot-among-bsc-memecoins-in-wintermutes-portfolio/