Meme coin CATE’s market cap crosses $107 million, surging over 14.7% in 24 hours.

According to GMGN market data, the Solana-based meme coin CATE has seen its market cap surge past $107 million, currently trading at $103 million, with a 24-hour gain of over 14.7% and a 24-hour trading volume of $6.1 million. Earlier on July 26, Atsuko Sato, owner of Kabosu—the Shiba Inu that inspired Dogecoin—posted a video of a kitten. The community quickly launched the CATE token on Pump.fun, positioning it as "Doge’s successor / Cat version of Doge" to carry on the meme culture of "dogs came first, now it’s the cats’ turn". Subsequently, Atsuko Sato released a statement clarifying that the CATE token circulating in the market recently has no connection to her whatsoever. She stated that she only shared an update on Instagram before, but the content was later used without authorization by others, who then issued fake tokens under her name to create the illusion of association. She expressed regret over this, adding that some accounts involved in spreading related information even include users with significant influence on the X platform. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and investors should exercise caution.