MEW Coin Cryptocurrency’s Surprising 120% Jump Draws Traders’ Attention

A new memecoin “Cat in a dogs world” with a feline theme has attracted attention. The MEW token, carrying the flag of cat lovers, recorded an impressive jump of more than 120% in just 24 hours. This surge catapulted MEW’s market cap to over $470 million, positioning it as the most valuable cat-themed token at the moment.

This advance did not come alone. Holders of two other Solana-based meme cryptocurrencies, specifically WIF and BONK, were awarded 5% of MEW’s total supply, a gesture that appears to have further heated interest in the token. With a current price of US$0.00516, MEW brings a new flavor to the cryptocurrency universe, previously dominated by dog-themed tokens.

The name “MEW” is a clear allusion to the challenge of establishing itself in a market saturated by dog ​​meme coins, under the banner “Cat in a Dog’s World”. The crypto community on X quickly fell in line with the proposal, with notable figures such as Arthur Hayes and Meltem Demirors highlighting their MEW acquisitions in public posts.

I went into the kitty litter tray and found $MEW

Meow bitches. 😘😘😘😘😘 pic.twitter.com/rg6HYPPQQd

— Arthur Hayes (@CryptoHayes) March 29, 2024

At the time of publication, the MEW price was quoted at US$0.004762, up 96% in the last 24 hours.

Despite the recent enthusiasm, MEW and its themed companions face a tough road ahead. The combined market value of dog-themed cryptocurrencies is nearly $59 billion, a magnitude that far exceeds the $1.9 billion of feline tokens. However, the rise of MEW may be signaling the beginning of an “age of cats” in the sector.

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