A traffic forwarding system that uses a multicast start-of-packet (SOP) pointer to enqueue a multicast packet in packet queues. The system receives cells, assigns pointers to the cells, and stores the received cells in memory. The system assigns multicast SOP pointers to multicast SOP cells. The system reassembles cells into packets and enqueues the packets in packet queues for forwarding. A multicast packet is enqueued in a plurality of packet queues. The memory in which the multicast packet is stored is released after the multicast packet is dequeued from each of the plurality of packet queues.