Beloved cartoon Simon's cat is launching a new Memecoin on BNB Chain in partnership with Floki

Simon's cat, the beloved animated cartoon character, is set to launch its very own memecoin in partnership with Floki, BNB Chain, and DWF Labs. While the exact release date remains under wraps, what we do know is that Simon's cat and Floki will be releasing tokens on the 8th August.

Endorsed by BNB Chain?

Simon's cat memecoin is setting itself apart from other major cat-related memecoin as the first major cat-related memecoin to be released on the BNB Chain. Unlike most cat-related memecoins, which are typically found on the Solana and Ethereum blockchains, this launch marks a significant departure from the norm.

Another thing worth mentioning is that this memecoin is "endorsed" by BNB Chain itself, evidenced by their retweet of the token's announcement. This is something worth mentioning as it is not common for a platform like BNB to retweet a post from a memecoin. This adds further credibility to the token and suggests that this memecoin might be more than just another fleeting trend.

Who says cats and dogs can't be friends?

It is often portrayed in the media for dogs and cats to be archenemies, but maybe that is just a myth. Floki and Simon's cat are now trying to break that myth by showing you that dogs and cats can indeed be friends. The collaboration includes an exciting airdrop event.

Simon's Cat has revealed on Twitter that it would be distributing a portion of its memecoin supply to Floki token holders, and additional amounts to users who trade Simon's Cat with the Floki trading bot.

This partnership highlights the growing prominence of the cat memecoin sector, which, despite currently being valued at $2.9 billion, is gradually closing the gap with the $36 billion dog memecoin market.

First memecoin back by a well established brand

Simon's Cat token is also the first memecoin to be backed by the well-established Intellectual property (IP) of Simon's cat brand, which earned $5.8 billion in revenue last year.

Simon's main cat brand would be supporting the memecoin launch by advertising it across its social media channels, including Youtube, Facebook, X and Instagram and helping to drive significant interest and adoption of the new token. I would also see this as another good precursor of the token, as the substantial marketing push is likely to drive interest and adoption, potentially enhancing the token's market cap and price.

Real but potential is ambiguous

With support from BNB, Floki and Sam's Cat IP, this memecoin appears to have a strong foundation even before its official launch. While the limited information available leaves some uncertainty about its future, the combination of these factors suggests that this token is worth keeping an eye on for potential growth.