The “Cat in a dogs world” token is rising even after airdropping 5% of its entire offer to canine-themed meme coins.
The cat-themed token MEW rose over 120% within the final 24 hours, knowledge aggregator CoinGecko points out. Holders of two other smartly-known Solana-basically based completely meme coins, WIF and BONK, bought 5% of MEW’s entire offer. The token save sits now at $0.00511, and its over $470 million market cap makes MEW the finest cat-themed token.
MEW is the ticker for “Cat in a dogs world,” which is a reference to the truth that the most smartly-liked meme coins are all canine-themed currently. The crypto neighborhood on X was rapidly to include the account, with personalities esteem Arthur Hayes and Meltem Demirors posting about procuring MEW.
I went into the kitty litter tray and stumbled on $MEW
Meow bitches. 😘😘😘😘😘 pic.twitter.com/rg6HYPPQQd
— Arthur Hayes (@CryptoHayes) March 29, 2024
Alternatively, the white cat has a protracted fight ahead if it desires to flip canine-themed coins. In accordance with CoinGecko, the entire market cap of canine-themed meme coins is form of $59 billion, which is 3,000% better than the $1.9 billion entire market cap of cat-themed tokens.
Nonetheless, MEW’s effort would possibly perhaps well remark a ‘cat season’ rapidly. Data from decentralized exchanges aggregator DEX Screener shows that 6 out of 20 most smartly-liked tokens created within the final 24 hours on Solana are cat-themed.
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