X3Labs announced an investment of 10,000 SOL to purchase CAT Tokens, launching the "CAT version of MicroStrategy".

SOL-0,7%
CAT-0,77%

BlockBeats news, on November 22, according to official news, the well-known Middle Eastern encryption institution X3 Labs announced that it will successively purchase CAT Tokens worth 10,000 SOL in the future and incorporate them into its strategic reserves. This operation marks CAT as the first Meme Token included in X3 Labs' DAT strategic management. X3 Labs will officially launch the “CAT version of MicroStrategy,” further strengthening CAT's market Depth and ecological stability through long-term holding and strategic layout. X3 Labs is the official ecological partner of the Middle Eastern RAK DAO encryption organization, focusing on community incubation of forward-looking Web3 projects and DAT strategic investment management. CAT Terminal will be fairly launched on the PumpFun platform on January 27, 2025. Currently, CAT's market capitalization is reported at 27.93 million USD, making it the highest market capitalization cat concept Meme Token, with the number of on-chain holding Addresses reaching 13,638. The CAT Crew gaming ecosystem launched by the community has attracted over 10,000 users globally.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Solana DApps Fall to 18-Month Low, SOL Faces Risk of Retesting 80 Dollar Level

Solana ecosystem DApps revenue has dropped to $22 million, marking an 18-month low, while the derivatives market is also showing bearish signals with funding rates near 0% and option skew surging, reflecting institutional lack of confidence in the future. The rise of competitor Hyperliquid has further intensified the pressure, leading to erosion of Solana's market share in the derivatives sector.

MarketWhisper36m ago

Solana DApp Revenue Drops to $22 Million, SOL Price Falls 11% in Three Days to $87

Solana ecosystem decentralized application revenue has dropped to an 18-month low, with SOL price recently declining 11% to $87, while long positions have been liquidated. Despite strong performance in DEX trading volume, it faces intense competition in the perpetual futures market.

GateNews2h ago

Solana on-chain revenue hits 18-month low, SOL may test $80 level

The Solana ecosystem has come under pressure recently, with SOL's price retreating from $97.70 to $87, representing a three-day decline of approximately 11%. Sentiment in the derivatives market is insufficient, with funding rates approaching historic lows, and on-chain DApp revenue has dropped to an 18-month low. Despite relatively solid performance on decentralized exchanges, new products and competition are putting pressure on capital flows. SOL is expected to remain range-bound and weak in the near term.

GateNews3h ago

Forward Industries Borrows $40 Million for Share Buyback, SOL Holdings Show Paper Loss Exceeding $1.1 Billion

Forward Industries announced the repurchase of over 6 million shares, reducing outstanding shares by approximately 7.4%. This repurchase was partially funded by a $40 million cryptocurrency loan, aimed at capitalizing on the current stock price trading below net asset value. The company faces over $1.1 billion in book losses while holding over 7 million SOL tokens, with a market value of approximately $614 million, indicating unusual financial circumstances. Management emphasized that the share repurchase strategy reflects confidence in the long-term value of SOL.

MarketWhisper3h ago

Morgan Stanley advances Bitcoin ETF application: S-1 amendment has been submitted, with the ticker symbol MSBT.

Morgan Stanley has recently submitted a revised S-1 filing for a Bitcoin ETF planned for listing in the United States under the ticker symbol MSBT, with an initial issuance of 10,000 shares and expected fundraising of approximately $1 million. The firm may become the first major bank to directly issue a spot Bitcoin ETF. Market demand is being driven by self-directed investors, and improvements in the regulatory environment will facilitate capital inflows, driving expansion of the Bitcoin ETF market.

GateNews3h ago

Solana's stablecoin supply reaches $17.9 billion, a record high, with USDC accounting for over 56%

Solana blockchain stablecoin supply reaches $17.9 billion all-time high, with USDC accounting for over 56%. Its stablecoin transfer volume surpasses Ethereum and Tron, demonstrating efficiency in payments and fund flows, highlighting its competitive advantage amid economic volatility.

GateNews3h ago
Comment
0/400
DAVID_JOHNvip
· 2025-11-22 14:25
good
Reply0