Ethereum

Chonk The Cat

FOMO

Bitcoin

<p class="is-style-lead">Several cat-themed meme coins are trending on CoinGecko, with some recording three-digit gains over the past week.&nbsp;</p>
<p>While the overall crypto market is seeing a brief liquidation, as traders are taking profits from leading assets like Bitcoin and Ethereum – the meme coin market continues to reach new heights. The meme coin market cap increased by 4% today, despite the overall crypto market cap dipping by 1.5%.&nbsp;</p>
<p>New presale tokens are largely driving this meme coin rally as investors continue to look for new projects, after the recent success of <a href="https://crypto.news/price/book-of-meme/" rel="noopener noreferrer nofollow">BOME</a> and <a href="https://crypto.news/price/slerf/" rel="noopener noreferrer nofollow">Slerf</a>. However, cat-themed tokens seem to be experiencing high interest across social media.&nbsp;</p>
<p><a href="https://www.coingecko.com/en/coins/cat-cat-token" target="_blank" rel="noopener noreferrer nofollow">CAT</a> token, one of the oldest cat-themed meme coins, reached a new <a href="https://twitter.com/Cat_CAT_Token/status/1772644540463059442" target="_blank" rel="noopener noreferrer nofollow">all-time high</a> today after rallying 430% in a day and over 1,000% since last week. The token’s surge is likely due to random hype on social media, as meme coin traders place their bets across several assets.&nbsp;</p>
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   <p lang="en" dir="ltr">New ATH today.😺<a href="https://twitter.com/search?q=%24CAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CAT</a> FOREVER.<a href="https://twitter.com/hashtag/Cat?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Cat</a> <a href="https://twitter.com/search?q=%24Cat&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$Cat</a> <a href="https://twitter.com/hashtag/CatToken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CatToken</a> <a href="https://twitter.com/hashtag/CATARMY?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CATARMY</a> <a href="https://t.co/SNirPknBnh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SNirPknBnh</a></p>— CatToken (@Cat_CAT_Token) <a href="https://twitter.com/Cat_CAT_Token/status/1772644540463059442?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 26, 2024</a>
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<p>You might also like: <a href="https://crypto.news/kucoin-united-states-money-laundering/" rel="noopener noreferrer nofollow"> KuCoin faces US money laundering charges </a></p>
<p>Another cat-themed token Chonk The Cat (<a href="https://www.coingecko.com/en/coins/chonk-the-cat" target="_blank" rel="noopener noreferrer nofollow">CHONK</a>), launched with a presale last week and surged nearly 200% since then. Most recently, the MEW token launched earlier today and saw several FOMO trading activities across the board.&nbsp;</p>
<p><a href="https://www.coingecko.com/en/coins/mew" target="_blank" rel="noopener noreferrer nofollow">MEW</a> rallied after being listed by Poloniex after its launch, which saw few traders turning small investments into millions. According to <a href="https://twitter.com/lookonchain/status/1772523105031958579" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a>, one user invested $35,000 worth of SOL on MEW, seeing a $8.9 million return in just two hours.&nbsp;</p>
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   <p lang="en" dir="ltr">Crazy! 😱<br><br>This guy turned $35K into $8.9M in less than 2 hours!<br><br>He spent 178.2 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($35K) to buy 4.41B <a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MEW</a> ~2 hours ago. <br><br>And the 4.41B <a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MEW</a> is worth $8.9M now, with an unrealized profit of ~$8.89M and a gain of 255x!<a href="https://t.co/5X0iok8J9b" target="_blank" rel="noopener noreferrer nofollow">https://t.co/5X0iok8J9b</a> <a href="https://t.co/vdpwKBlOUh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/vdpwKBlOUh</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1772523105031958579?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 26, 2024</a>
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<p>However, FOMO trading also saw one trader <a href="https://twitter.com/lookonchain/status/1772662215960924636" target="_blank" rel="noopener noreferrer nofollow">lose</a> over $200,000 as MEW dropped 54% after hitting its peak.</p>
<p>Read more: <a href="https://crypto.news/sec-fine-ripple-labs-misconduct/" rel="noopener noreferrer nofollow"> SEC seeks $2b fine from Ripple Labs for misconduct </a></p>
<p>&nbsp;&nbsp;</p>

Cat-themed meme coins see surging interest across the market

crypto.news

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