SOL Meme Coin CATE Reaches $9.5 Million Market Cap in a Flash, Surges Over 230x Intraday

According to GMGN data, the SOL meme coin CATE briefly surged past a market cap of $9.5 million, with intraday gains exceeding 230x. It is currently reported at $7.09 million.

CATE's market heat stems from a video posted by DOGE's owner, @kabosumama, showing a newly rescued kitten.

Subsequently, community user @HimothyGoggins reposted the video and speculated that the cat's name was "Hiromi," although this claim was not confirmed by Kabosu's owner. Following this, @thedevrrrrrrr proposed to "run CATE like DOGE." The token was quickly created on Pump.fun, capturing the community's attention.

It is important to note that there is currently no evidence suggesting the cat is named Hiromi, nor is there any official confirmation that its name is CATE. The name "CATE" originates from the earlier "Cate" cat meme, which the community has repurposed for this event.

CATE is not an official token endorsed by Kabosu's owner, nor is it named after the actual cat. Instead, it is a community-driven meme coin formed by combining a real-world event with an existing internet meme.

Odaily reminds: Meme coins are subject to high price volatility. Please be aware of market risks.