Solana memecoins have been a hit in recent times with the likes of $SLERF $WIF etc all doing great. Catwifhat ($CWIF) seems to be the next in line and here’s why. $CWIF became a hit deflationary meme across the Solana community in early 2024 after completing airdrops to more than 1,300,000 holders.
Since its introduction in December 2023, it has grown to become the longest standing auto-burn meme on the Solana blockchain, having set out on a mission to bring deflationary token economics to the world of memecoins.
Catwifhat rewards participants with its native tokens, an airdrop strategy to boost adoption and user engagement and attract more investors.
While cryptos like Bitcoin and Solana increase their supplies over time to reward block production and validation, $CWIF’s auto-burn shrinks the supply as more transactions take place. This burn mechanism automatically increases each current holder’s percentage of circulating supply owned over time as more transactions take place.
As $CWIF gears to list on Bitget on 29th May, what are your expectations?
