• Floki Inu successfully completed the Simon’s Cat airdrop, distributing CAT tokens to eligible FLOKI holders across multiple platforms.
• Analysts see strong institutional support for Floki Inu, signaling potential for a future rally in the meme coin market.

Floki Inu just finished the distribution of the Simon’s Cat (CAT) airdrop to eligible FLOKI holders, as revealed in an official tweet.

According to the tweet, the distribution went directly to users’ wallets on Binance, OKX, and other on-chain platforms. To qualify, users have to have at least 400,000 FLOKI tokens. Each eligible user’s holdings of FLOKI determined the proportion of the airdrop that they received.

Seamless Airdrop and Easy Access for CAT Token Holders

This approach was simple, as consumers did not need to claim the airdrop or connect their wallets to any external site. Additionally, withdrawals for the CAT token are now available on both Binance and OKX, letting users freely access their tokens.

To view airdropped tokens, on-chain FLOKI holders must manually import the Simon’s Cat (CAT) token contract. The contract address used to import the CAT tokens is “0x6894CDe390a3f51155ea41Ed24a33A4827d3063D”.

However, FLOKI’s present price reflects the overall gloomy attitude in the cryptocurrency industry. At the time of writing, FLOKI is trading at around $0.0001214, down 4.75% over the last 24 hours. This decrease reflects the overall downturn in the cryptocurrency market, as major cryptos experience broad selling pressure.

On the other hand, as we previously reported, a crypto analyst has predicted that Floki Inu will have a substantial spike in the near future. Floki Inu is shown resiliency in the meme coin market, which is competitive and includes strong challengers such as PEPE and Shiba Inu (SHIB).

The analyst pointed out that FLOKI’s strong institutional support gives it an advantage over its competitors. Furthermore, the technical analysis shows that FLOKI is establishing a higher low, which is commonly regarded as a bullish indicator, indicating the probability of an impending rally.

This favorable result could signal the start of a new growth cycle for the meme coin, which has managed to hold its market position as other meme tokens suffer.