Solana cat coin PAJAMAS soars over 500% in one week

Cat-themed token PAJAMAS soared over 500% over the past seven days and shows the largest growth of Solana-based meme coins of this period, shows data aggregator CoinGecko. The token is inspired by the cat of the same name which starred in the first cat video on YouTube, and is also the pet of Steve Chen, one of the video platform co-founders.

PAJAMAS price over the last seven days. Image: CoinGecko

The sharp price increase started between April 21 and 22, when Chen took the role of team member of the meme coin. On April 22, Canadian crypto services provider BitNational announced the listing of PAJAMAS on its over-the-counter trading desk.

Moreover, Chen made a post on X today revealing a meeting with Binance, the largest centralized crypto exchange by trading volume. He thanked Binance representatives for telling the “Bitcoin Pizza Day” story and said that the video of his cat Pajamas was also uploaded on May 22.

“May 22, 2024, is just around the corner,” Chen added, which might be a hint of an initiative involving the PAJAMAS token.

The last week was a ‘cat season’ on the Solana ecosystem, as the three meme coins with the most significant weekly price increases are cat-themed. The gmeow cat (GMEOW) rose 229% over the past seven days, while Popcat (POPCAT) jumped 203%.

Disclosure: At the time of writing, the author of this piece or team members of Crypto Briefing and its affiliated companies, may own BTC, ETH, and other cryptocurrencies mentioned in this article.

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