MEW: In a remarkable development, amid the extraordinary price surge observed in Solana-based meme coins, a new contender has emerged in the cryptocurrency arena.
Cat in Dogs World (MEW), a freshly launched Solana-based meme coin, seems to be attracting significant attention among crypto traders and investors as its price surged by nearly 170% today, making it the talk of the town.
Interestingly, in line with the broader upward trend seen in Solana, meme coins like WIF, BONK, BOME, and now MEW have all experienced notable gains recently. The MEW token is positioning itself as a competitor to WIF, BOME, and BONK, joining the flurry of advances with its price surge.
Why MEW Has Caught Investor Interest
Notably, in an attention-grabbing development, Solana whales have seemingly been drawn to this new meme coin, MEW, according to a report by CoinGape Media. Shifting their focus from the previously trending meme coin, BOME, a whale has redirected significant funds to MEW, as per on-chain data.
This development has garnered considerable attention across the cryptocurrency community, especially since BOME experienced a remarkable rally before the whale’s shift in focus. The whale accumulated 9.6 billion MEW tokens, equivalent to 10.8% of the token’s total supply, followed by other investors showing optimism and confidence in the asset amidst broader market dynamics.
Meanwhile, echoing the optimism generated by recent impressive price surges post-WIF & BOME launches, investors are speculating about MEW’s potential for significant gains in the future. In line with this sentiment, the MEW token continues to generate bullish momentum across the crypto landscape.
MEW Price Surge
At the time of writing, the Cat in a Dogs World (MEW) token has surged by 142.95% in the past 24 hours, currently trading at $0.007612. Interestingly, the token has taken a firm bullish stance today, with its market cap soaring by 140.78% to $639.45 million, while the 24-hour trading volume has surged by 322.97% to $352.37 million.
While the meme coin is already following Solana’s broader upward trend, it is also establishing itself as a notable rival to the currently trending Solana meme coin, WIF. Solana has risen by 5.78% over the past 24 hours, reaching $196.56, while WIF is at $4.50, marking a gain of 22.98% in the same period.
