A forthcoming airdrop from Simon’s Cat, one of the most popular cat-themed memecoins to launch this year, is set to benefit Floki token holders.

This news has been highlighted by the Floki official X account and has generated significant buzz in the crypto community. Notably, Simon’s Cat will distribute a portion of its supply to both Floki holders and users trading Simon’s Cat with the Floki trading bot, enhancing the value of the Floki token.

According to the Floki team’s post on X, the snapshot for the airdrop has not yet been taken, so interested parties can still purchase Floki to qualify. Both Floki holders and stakers will receive the airdrop.

According to the post, users should avoid any unsolicited messages or requests to connect their wallets to external sites. The airdrop tokens will be distributed automatically to qualifying users, coordinated with the Simon’s Cat team. The amount of Floki tokens held will determine the airdrop proportion, with a minimum holding of $50 worth of Floki required to qualify.

Partnership and Token Launch

The token launch is a collaborative effort involving Floki, BNB Chain, and crypto investment firm DWF Labs.

Simon’s Cat, an animated series about a hungry house cat, has over 20 million followers across YouTube, Facebook, and Instagram. Banijay, the company holding the Simon’s Cat intellectual property, reported a revenue of $5.8 billion last year.

Community Reactions and Previous Floki Developments

The recent announcement from the Floki team has sparked a flurry of reactions on X. Some users questioned the eligibility of exchange-held Floki for the airdrop and the specifics of the token distribution process.

This development comes shortly after Floki’s rise to the top of the play-to-earn (P2E) crypto market, surpassing competitors like Axie Infinity, The Sandbox, Decentraland, and Gala. According to CoinMarketCap, Floki has cemented its position as the leading P2E crypto asset by market cap, overtaking established players in the sector.