CAT Token is migrating from BNB Chain to Solana, targeting a new trader base and leveraging the blockchain’s explosive memecoin trading activity and low transaction fees.
The move comes as Solana sees a rise in memecoin trading activity, with CAT Token aiming to take advantage of the rising liquidity and trading volume on the Solana network.
Solana's protocol fees have hit a record high, with several top protocols based on Solana generating significant fees, showcasing Solana's rising influence in the memecoin markets.
Other memecoins based on Solana, such as PNUT, have also experienced significant growth and trading activity, contributing to Solana's overall market cap increase.