Amidst the fervor of Solana meme coins dominating the bull market, a new trend is emerging in the form of cat-themed tokens, with Cat in a Dogs World (MEW) spearheading the charge.
The meme coin market has witnessed a remarkable surge today, with its total market cap soaring by 9% to nearly $70 billion. Notably, within this sector, Solana meme coins have experienced an extraordinary uptick, with their market cap surging by over 20% to surpass $8 billion.
Surprisingly, today’s top performers in the meme coin market are not the usual suspects like DOGE, SHIB, BONK, or even WIF, which attained a new all-time high. Instead, a new category of cat-themed tokens has taken center stage.
MEW, a recent addition to the Solana-based cat meme tokens, has emerged as a standout performer, rallying by an astounding 110% today since its launch earlier this week. Within just 48 hours of trading, MEW has achieved a staggering $200 million market cap.
According to Lookonchain, several early investors have capitalized on MEW’s meteoric rise, with some turning modest investments as low as 30 SOL into substantial gains. One trader, in particular, reportedly transformed a $6,000 investment into an impressive $530,000 windfall in a matter of hours. The hype surrounding MEW underscores the shifting interests of meme coin enthusiasts, who are constantly on the lookout for promising presales in the midst of the bull market frenzy.
The burgeoning interest in meme coins continues to propel Solana’s market performance, with the altcoin experiencing a remarkable surge of nearly 70% in March alone.
As the cryptocurrency landscape evolves, the rise of cat-themed tokens exemplified by MEW highlights the dynamic and ever-changing nature of the meme coin market, offering traders new avenues for potential gains amidst the ongoing market euphoria.
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