Memecoin

Frenzy

Spot

Memecoins have been the <a href="https://www.newsbtc.com/meme-coins/memecoins-reign-supreme-coingecko-reveals-most-profitable-crypto-narrative-of-q1/" target="_blank" rel="noopener ">most popular narrative</a> of Q1 2024, with dog-inspired tokens leading the pack. However, one memecoin has been jumping on the roofs and assuring everybody hears it meow. 
Cat in a dogs world (MEW) is a new player in the memecoin market, having been out for less than a month. In this short time, the token has left its clowder behind and joined the high ranks of the top ten memecoins by market capitalization.` 
<h2 style="font-weight: 400" id="from-the-roofs-to-the-ocean">From The Roofs To The Ocean</h2> 
The memecoin started remarkably, with a 267.54% growth during its first week. However, MEW is not immune to the crypto market dynamics, as its rally has slowed down with the corrections of Q2. 
During the latest <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-drops-as-iran-launches-missile-attack-on-israel/" target="_blank" rel="noopener ">Bitcoin correction</a>, MEW experienced a price drop of over 52%, going from trading at $0.00402 to as low as $0.00189 over the weekend, as seen in the chart below. A whale didn’t miss the chance to profit from the dip and bought 479.6 million MEW on Sunday. 
<img loading="lazy" decoding="async" class="size-large wp-image-603584 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Captura-de-Pantalla-2024-04-16-a-las-8.58.35-a.-m.png?w=846&amp;resize=846%2C536" alt="Memecoin, MEW, cat in a dogs world, Bitcoin, BTC" width="846" height="536" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Captura-de-Pantalla-2024-04-16-a-las-8.58.35-a.-m.png?w=846&amp;resize=846%2C536 846w, https://www.newsbtc.com/wp-content/uploads/2024/04/Captura-de-Pantalla-2024-04-16-a-las-8.58.35-a.-m.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/Captura-de-Pantalla-2024-04-16-a-las-8.58.35-a.-m.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/Captura-de-Pantalla-2024-04-16-a-las-8.58.35-a.-m.png?w=750 750w" sizes="(max-width: 846px) 100vw, 846px" data-recalc-dims="1"> 
According to <a href="https://twitter.com/lookonchain/status/1779699930971664746" target="_blank" rel="noopener nofollow">Lookonchain data</a>, a whale withdrew 10,438 SOL, worth around $1.54 million, from Binance to buy MEW. The whale bought the cat-themed token at an average price of $0.0032, doubling its investment in 48 hours. 
At the time of this writing, the whale’s holdings are worth $3.12 million, and it has made over $1.56 million in profits. Moreover, after the first whale transaction, the token’s price began to recover from the drop, surging over 119% from its lowest point during the weekend as Monday started. 
<h2 style="font-weight: 400" id="major-exchange-listing-boosts-the-memecoin">Major Exchange Listing Boosts The Memecoin</h2> 
MEW continued its upward trajectory after being listed on one of the largest crypto exchanges by volume. On Monday, OKX announced the listing of popular token dogwifhat (WIF) and cat in a dogs world. 
After the announcement, the cat-themed memecoin’s price surged 38.22% before retracing to the support zone of $0.00450 as the day closed. Nonetheless, MEW stole WIF’s hat, as the dog-themed sensation registered a 15.2% drop in the last 24 hours. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 New Spot Listing <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4e2.png" alt="📢" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$MEW</a> <a href="https://twitter.com/MewsWorld?ref_src=twsrc%5Etfw" rel="nofollow">@Mewsworld</a> and <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$WIF</a> <a href="https://twitter.com/dogwifcoin?ref_src=twsrc%5Etfw" rel="nofollow">@dogwifcoin</a> will be listed on <a href="https://twitter.com/hashtag/OKX?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#OKX</a>! 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/25b6.png" alt="▶" class="wp-smiley" style="height: 1em; max-height: 1em;"> Deposits: OPEN <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$MEW</a> Spot trading: 8:00 am Apr 15 (UTC)<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$WIF</a> Spot trading: 9:00 am Apr 15 (UTC) 
 More: <a href="https://t.co/zCnI8TDmnQ" rel="nofollow">https://t.co/zCnI8TDmnQ</a> <a href="https://t.co/OJffIqMGAt" rel="nofollow">pic.twitter.com/OJffIqMGAt</a> 
 — OKX (@okx) <a href="https://twitter.com/okx/status/1779767888104005634?ref_src=twsrc%5Etfw" rel="nofollow">April 15, 2024</a>
</blockquote> 
The <a href="https://www.newsbtc.com/meme-coins/cat-themed-memecoins-growing-popularity-traders-earn-millions-with-mew-and-moew/" target="_blank" rel="noopener ">popularity</a> of feline-inspired tokens has increased throughout 2024’s Q1. Several cat memecoins launches offered massive gains to investors during the first days of Q2. Despite many of those gains being driven by the Solana <a href="https://www.newsbtc.com/news/crypto-presale-frenzy-raises-over-122m-worth-of-sol-in-a-week/" target="_blank" rel="noopener ">memecoin frenzy</a>, it appears that MEW holds stronger than others among the clowder. 
As Tuesday started, the token began to soar again, skyrocketing 21.3% in just one hour. MEW’s market activity also rose 17.7% in the past day, with a daily trading volume of $227.6 million. 
Similarly, the token has become a hot topic, according to CoinMarketCap data. In an X <a href="https://twitter.com/CoinMarketCap/status/1780181843725398327" target="_blank" rel="noopener nofollow">post</a>, the crypto data platform revealed that MEW was third as the most mentioned token in its CMC community. 
Cat in a dogs world is trading at $0.00634 at writing time, jumping 14.9% from yesterday’s price. Despite being 38.3% down from its all-time high (ATH) of $0.00971, MEW registers a 60% surge in the weekly timeframe. 
<img loading="lazy" decoding="async" class="size-large wp-image-603586 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/04/MEWUSDT_2024-04-16_07-52-13.png?w=860&amp;resize=860%2C410" alt="memecoin, MEW, MEWUSDT, " width="860" height="410" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/MEWUSDT_2024-04-16_07-52-13.png?w=1077 1077w, https://www.newsbtc.com/wp-content/uploads/2024/04/MEWUSDT_2024-04-16_07-52-13.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/MEWUSDT_2024-04-16_07-52-13.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/MEWUSDT_2024-04-16_07-52-13.png?w=860&amp;resize=860%2C410 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/MEWUSDT_2024-04-16_07-52-13.png?w=750 750w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1">

Cat-Themed Memecoin Surges 14.9% After Major Exchange Listing And Whale Frenzy

Indice dei contenuti

NewsBTC

Altri articoli pubblicati su 16 apr 2024

Decrypting Bitcoin’s Inflation Rate and Value Stability after Halving

Iraq To Start Bitcoin Mining On A Nation-State Level, Pundit Claims

Saakuru Labs Secures $2.4 Million in Funding to Fuel the Adoption of the Saakuru Protocol (16 Apr)

Koala Coin (KLC) Aligns with USD Coin’s (USDC) Steady Growth and Dogecoin’s (DOGE) Surge to Solid...

Prepare For The Bitcoin Supply Shockwave: Crypto Guru Warns Of Halving Impact

Elevate Your Wealth: BRISE, BEFE, and CENX's Journey to the Top

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!