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CatBoy<\/strong>\u00a0(CRYPTO: CATBOY), a meme coin acclaimed as the cat equivalent of\u00a0Dogecoin<\/strong>\u00a0(CRYPTO: DOGE<\/a>) and acts as a utility token, saw its price crash violently today after reporting eye-watering gains earlier this month.<\/p>\n What Happened:<\/strong>\u00a0Market data shows\u00a0CatBoy’s price fell by about 68% from its 24-hour\u00a0high of $0.05427 down to a low of $0.01739, before correcting to $0.2222\u00a0as of press time Tuesday afternoon. The crash follows the meme coin recently\u00a0registering<\/a>\u00a0a recent spike of more than\u00a0640% in under a week when the token was the top trending cryptocurrency on the world’s top crypto data service, CoinMarketCap.<\/p>\n The fall in CatBoy’s price coincided with a significant spike in its trading volume. The meme coin’s\u00a024-hour trading volume increased by about 483% from about $326,000 to well over $1.9 million.<\/p>\n CatBoy is a community-led non-fungible token (NFT) project with meme coin elements that aim to cater to anime and manga lovers. CatBoy token holders can spend their assets to purchase NFTs featuring 18 different characters with various rarity levels.<\/p>\n CatBoy\u00a0attracted<\/a>\u00a027,700 followers on Twitter. An important presence\u00a0reported<\/a>\u00a0earlier this month among those followers was Changpeng Zhao,\u00a0<\/strong>the CEO of the world’s top crypto exchange Binance, who now apparently stopped following the profile.\u00a0<\/p>\n Photo by Bill Stephan<\/a> on Unsplash<\/em><\/p>\n<\/p><\/div>\n