Home Cryptocurrency Cat-Themed Memecoin Up 14.9% After Main Alternate Itemizing

Cat-Themed Memecoin Up 14.9% After Main Alternate Itemizing

0
Cat-Themed Memecoin Up 14.9% After Main Alternate Itemizing

[ad_1]

Memecoins have been the hottest narrative of Q1 2024, with dog-inspired tokens main the pack. Nevertheless, one memecoin has been leaping on the roofs and assuring all people hears it meow.

Cat in a canines world (MEW) is a brand new participant within the memecoin market, having been out for lower than a month. On this quick time, the token has left its clowder behind and joined the excessive ranks of the highest ten memecoins by market capitalization.`

From The Roofs To The Ocean

The memecoin began remarkably, with a 267.54% progress throughout its first week. Nevertheless, MEW just isn’t proof against the crypto market dynamics, as its rally has slowed down with the corrections of Q2.

In the course of the newest Bitcoin correction, MEW skilled a value drop of over 52%, going from buying and selling at $0.00402 to as little as $0.00189 over the weekend, as seen within the chart beneath. A whale didn’t miss the possibility to revenue from the dip and purchased 479.6 million MEW on Sunday.

Memecoin, MEW, cat in a dogs world, Bitcoin, BTC

MEW's perfomance adopted Bitcoin's actions intently throughout the value correction. Supply: Coingecko

In response to Lookonchain information, a whale withdrew 10,438 SOL, price round $1.54 million, from Binance to purchase MEW. The whale purchased the cat-themed token at a median value of $0.0032, doubling its funding in 48 hours.

On the time of this writing, the whale’s holdings are price $3.12 million, and it has remodeled $1.56 million in earnings. Furthermore, after the primary whale transaction, the token’s value started to get better from the drop, surging over 119% from its lowest level throughout the weekend as Monday began.

Main Alternate Itemizing Boosts The Memecoin

MEW continued its upward trajectory after being listed on one of many largest crypto exchanges by quantity. On Monday, OKX introduced the itemizing of widespread token dogwifhat (WIF) and cat in a canines world.

After the announcement, the cat-themed memecoin’s value surged 38.22% earlier than retracing to the assist zone of $0.00450 because the day closed. Nonetheless, MEW stole WIF’s hat, because the dog-themed sensation registered a 15.2% drop within the final 24 hours.

The reputation of feline-inspired tokens has elevated all through 2024’s Q1. A number of cat memecoins launches provided large beneficial properties to buyers throughout the first days of Q2. Regardless of a lot of these beneficial properties being pushed by the Solana memecoin frenzy, it seems that MEW holds stronger than others among the many clowder.

As Tuesday began, the token started to soar once more, skyrocketing 21.3% in only one hour. MEW’s market exercise additionally rose 17.7% prior to now day, with a each day buying and selling quantity of $227.6 million.

Equally, the token has turn into a scorching matter, in line with CoinMarketCap information. In an X submit, the crypto information platform revealed that MEW was third as essentially the most talked about token in its CMC group.

Cat in a canines world is buying and selling at $0.00634 at writing time, leaping 14.9% from yesterday’s value. Regardless of being 38.3% down from its all-time excessive (ATH) of $0.00971, MEW registers a 60% surge within the weekly timeframe.

memecoin, MEW, MEWUSDT,

MEW's efficiency within the three-day chart. Supply: MEWUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Disclaimer: The article is offered for instructional functions solely. It doesn’t characterize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your personal analysis earlier than making any funding selections. Use data offered on this web site totally at your personal danger.



[ad_2]

LEAVE A REPLY

Please enter your comment!
Please enter your name here