Rally

Solana

UpSideDownCat

Momentum

Cat-themed memecoins dominated crypto asset gains last month amid double-digit inflows to assets as the wider market rallied. The asset class soared over 40% against leading <a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener noreferrer nofollow">memecoins</a> and other categories with gains to new coins.&nbsp;
However, top cat-themed memecoins have lost steam this week as most assets sink to the red zone without surging alongside other cryptocurrencies. At press time the market capitalization for cat-themed assets is $1.7 billion, a 7.8% decline in the past 24 hours. Trading volumes also remain low for most assets despite a jump in dog-themed assets.&nbsp;
<h2 id="strong-cat-themed-tokens-touch-low-strong">Cat-themed Tokens Touch Low&nbsp;</h2>
Top cat-themed tokens have seen increased outflows today. Popcat, the leading asset by market capitalization is down 6.4% today although weekly gains remain at a 60% high. Popcat’s market capitalization is above $516 million with a daily trading volume of $58.3 million.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-195758" src="https://coingape.com/wp-content/uploads/2024/05/chart-28.jpeg" alt="" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/05/chart-28.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/05/chart-28-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/05/chart-28-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/05/chart-28-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/05/chart-28-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/05/chart-28-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px">
MEW and MOG have plunged 3.9% and 7.8% today. MEW is still at 11.6% weekly highs despite a plunge in volumes to $47 million. WEN which also recorded previous gains is down 4% today. According to data from <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/categories/cat-themed-coins" target="_blank">CoinGecko</a>, the top three trending cat-themed memecoins today MANEKI, POPCAT, and WEN remain in the red zone.&nbsp;
However, some assets have recorded gains with community rallies in the last 48 hours. MaxCat is up 37.5% in the market while UpSideDownCat and Croc cat posted 13.3% and 23.2% respectively in the same period.&nbsp;
<h2 id="span-style-font-weight-400-strong-wider-market-surge-strong-span">Wider Market Surge&nbsp;</h2>
The wider cryptocurrency market has recovered from last week’s liquidation as Bitcoin (BTC), altcoins and memecoins notch new inflows. This comes after renewed sentiment and the market and a flip of macroeconomic factors as bulls eye interest rate cuts in the future.&nbsp;
Bitcoin price stands above $63,000 while <a href="https://coingape.com/solana-price-jumps-whale-heavily-bags-sol/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> leads the rebound with a 21% weekly inflow. The price of SOL is at $151.69 with a trading volume above $2.6 billion. Similarly, Solana memecoins have ticked upwards with some users projecting a bull run.&nbsp;
Also Read: <a href="https://coingape.com/trending/altcoins-double-digit-rally-ignites-bullish-projections/" target="_blank" rel="noopener noreferrer nofollow">Altcoins Double-Digit Rally Ignites Bullish Projections </a>
The post <a href="https://coingape.com/trending/what-happened-to-the-momentum-of-cat-themed-memecoins/" rel="noopener noreferrer nofollow">What Happened To The Momentum of Cat-Themed Memecoins?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

What Happened To The Momentum of Cat-Themed Memecoins?

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