Ethereum-Based Meme Coin CATE Reaches $7 Million Market Cap

According to BlockBeats, the market capitalization of the Ethereum-based meme coin CATE has surpassed $7 million. Within nine hours of its launch, the trading volume reached $6.4 million, with the current price standing at $0.007085. BlockBeats notes that meme coin prices are highly volatile and lack intrinsic value, urging users to exercise caution when participating in such markets.