I normally avoid comparison pieces, but something unique is happening with Caterpillar token ($CPL). It’s on a monstrous run, defying the up and down swings of the overall market.
I see shades of $PEPE. I know it’s a bold statement, but hear me out.
Community Over Everything
I was a little late to the party on $PEPE’s first run in 2023. It was already printing millionaires in a bear market. I decided to snag a very small position when the run slowed in fall of 2023. I’m not a big $PEPE holder. In fact, at its current market cap, my bag amounts to enough to buy a decent meal.
I’ve been a Caterpillar token holder since launch day. Initially, I hoped for a quick 3-5x return, but I was bitten by the community bug and decided to stick around. Well…I did more than stick around. Me and a few other day one holders took on roles with the community. I help manage the Telegram channel and the main X account. The caterpillar meme made it easy to generate cool images, and the overall concept of a real community token with 2% burn on buys and sells made things even better.
Small But Mighty
The Caterpillar community, aka Caterpillar Army, refuses to accept small thinking. Against my advice, and the advice of others, there’s a strong emphasis among many members of the community to seek listings on central exchanges. When I say listings, I mean multiple listings, and not in the future – NOW!
What the community wants, the community gets, especially when they sacrifice and donate funds to make it happen. Barely two days after cracking the one million dollar market cap ceiling, key members of the community are gearing up to sign the token’s first CEX agreement. I’m not sure how much an exchange will help, but I have learned not to doubt the Caterpillar Army, whose Turkish community is setting the pace.
There is no stopping. The Caterpillar Army believes $CPL will soon, not one day, rival the biggest tokens in crypto.
What Do The Numbers Say?
Caterpillar token is currently up over 147% in the past week, and over 450% since listing on CoinMarketCap on July 3rd. Day one holders, like myself, are up somewhere around 1000x.
I once believed Caterpillar token had serious liquidity issues, but looking at PEPE’s 100 to 1 market cap to liquidity ratio leads me to believe things aren’t so bad with CPL. Current liquidity won’t keep pace with the token’s meteoric rise. The 2% burn on buys and sells has removed over 16% of the tokens out
of circulation – gone forever and never to be sold against the liquidity.
At the displayed market cap, CPL has more than a 35 to 1 market cap to liquidity ratio. CPL launched with an original supply of 50T tokens. As of this post, more than 8T have been burned, leaving just under 42T in circulation. This advanced burn mechanism ensures that the gap between market cap and liquidity will continue to increase unless liquidity providers intervene. Like PEPE, Caterpillar holders will continue to get an inflated token value as long as demand remains strong for the token. For holders, the rising market cap produces a sense of
excitement, but the reality for large holders is that liquidity does not support the listed value of their tokens.
An Army of Solutions
Many early holders committed to using V3 liquidity pools on PancakeSwap to manage token sells without having major impact on the CPL chart. While popular, V3 liquidity was not reflected on the V2 pool most associated with the chart. Speaking of the chart, check out this beauty.
Two days prior to this post, Caterpillar token announced a CPL rewards-based liquidity pool on Brewlabs. One percent of the original token supply was added to the reward pool to encourage holders to add BNB-CPL token pairs to the pool. Currently, the farm boasts an APR above 200%. Impressive numbers, but more impressive is the fact that rewards for the pool were donated by a few key holders who understand their roles in ensuring CPL’s long-term success. Most members of the Caterpillar Army are unfamiliar with creating LP tokens for farming, so the video below was created to inform the community.
The first 100 days have been mind blowing. Every day that I spend with the Caterpillar Army encourages me to continue holding. I want to see how far this thing can go. Do your own research! You might just be impressed by what you see.
CoinOodles.com 
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