PANews reported on December 17 that according to on-chain analyst Ember's monitoring, the price of $CAT rose by 46% after Binance announced support for Simon's Cat (CAT) on HODLer Airdrops last night. Market maker DWF Labs played an important role in this. They received 360 billion CAT from CAT's liquidity contract address on August 20 and distributed it to centralized exchanges such as Kucoin, Gate, MEXC, and HTX for market making.

In addition, DWF Labs is increasingly cooperating with Meme projects. In November, they also launched a $20 million Meme Fund to support the development of more Meme projects.