The memecoin Simon’s Cat (CAT) has seen a notable surge of 50% following its listing on Binance, making it the first cat-themed token to achieve this milestone. The announcement of the listing on December 17, 2024, has generated significant interest among investors, with market analysts projecting a market capitalization target of $500 million for CAT. The listing comes amid scrutiny of various meme tokens, some of which are facing allegations of plagiarism. Observers suggest that this listing could pave the way for other tokens, such as Miggles, to gain traction in the market. Despite the positive reception, some users have expressed skepticism regarding the long-term implications of the Binance listing for CAT.