Some caterpillars become butterflies, while others becomes moths. Everyone likes butterflies, but most people don’t give a damn about moths. No matter what you think about butterflies or moths, Caterpillar Token has the potential to make a lot of people “crypto” rich. Let’s unpack this BSC gem.
$CPL is a dev-less taxed memecoin on the Binance Smart Chain. Taxes normally scare people away, but $CPL’s tax is a mere 2% on all buys and sells, with the entire tax going to token burn. This tax triggers the token’s deflationary mechanics. Any amount of volume sends tokens to the dead wallet; the largest $CPL holder, which as of today, is approaching 13% of the total token supply.
100% Community-Driven
Caterpillar Token has an ownerless contract, no developer, no team, no team or marketing wallet, and no roadmap. It’s contract was live months before the 50T supply was paired with BNB on PancakeSwap. The community (#CaterpillarArmy) is 100% responsible for the token’s direction and long-term success. There are a handful of trusted community members and holders, like myself, who take more of a lead and advisory role, but in the end, nothing happens without the Army’s support.
Since the token launched in late April, the Caterpillar Army has shilled relentlessly, created art and memes, launched two Telegram channels (English | Turkish), released an NFT collection, donated to list $CPL on listing sites, released a number of $CPL-related videos, burned over 4% of the supply, and donated $5,000 to have the token listed on CoinMarketCap.com! All of these accomplishments without a development team or marketing budget.
Small, But Mighty
In my opinion, $CPL is ready for explosive growth. Investors are hungry for a smart memecoin concept with a community focus. Like the caterpillar, holders want this to develop into something beautiful. I firmly believe that $CPL is positioned for greatness. In less than twenty-four hours, $CPL’s CoinMarketCap listing introduced Caterpillar Token to a world of new investors, spiking the market cap to new all-time highs. This spike is consistent with what I’ve seen from projects listed on CMC, but something tells me that Caterpillar Token will maintain its highs. Its strength is not based on a team or fancy roadmap, but squarely on the community.
Will $CPL Make You Rich?
There are no guarantees in crypto and investing. Caterpillar Token’s supply is dwindling due to the burn mechanism, and the V2 supply on PancakeSwap is being snatched up rapidly. There are several holders who are providing liquidity, but I expect supply to be in high demand as buyers start watching the $CPL chart. A multimillion dollar market cap is well within reach, especially with the available supply thinning. $CPL should be an easy 2-3x flip for those seeking quick profits, but long holders may want to consider Dollar Cost Averaging and building a solid position for the future. The caterpillar meme and story is one that investors can easily latch onto. All it takes is one major catalyst to send Caterpillar Token sky high. To me, it’s worth making some room in your portfolio for a bag of this BSC gem, but make sure you do your own research.
Token Specs & Info
Contract: 0xd0ed8f9c119beb13b9fce318a28827d0574c37d6
Chain: BNB
Max Supply: 50,000,000,000,000
Burned: 6,329,700,278,402 (12.65%)
Tax: 2% Buys/Sells (All taxes go toward token burn)
Market Cap/Liquidity: $619k/$25k
CoinOodles.com 
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